Tapestry’s stock pops and Capri falls as fashion giants scrap merger deal
Tapestry Inc.’ stock jumped 6.8% early Thursday, while Capri Holdings Inc.’s stock fell about 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.
Tapestry and Capri Scrap Merger Plans. Completion of Luxury Deal Uncertain.
Tapestry and Capri Holdings have scrapped their merger plans a few weeks after the Federal Trade Commission sued to block the deal.Tapestry shares gained 7.3% in premarket trading, while Capri fell 6%.
Capri Holdings announces termination of merger with Tapestry
EST Capri Holdings (CPRI) announces termination of merger with Tapestry (TPR) Published first on TheFly – the ultimate source for
Tapestry, Inc. Announces Termination of Merger Agreement With Capri Holdings Limited
Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings Limited (NYSE: CPRI) to terminate the merger agreement between the parties.
Tapestry, Capri Terminate $8.5 Billion Merger Agreement Amid Regulatory Hurdles
Tapestry (TPR) terminated its proposed acquisition of Michael Kors and Versace parent Capri (CPRI) due to uncertainty regarding regulatory approvals, the companies said in separate Thursday statements.
Capri Holdings, Tapestry agree to end $8.5B merger deal
Capri Holdings (CPRI) and Tapestry, Inc. (TPR) have terminated their $8.5B merger deal due to regulatory challenges.
Star Tribune6m
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
and Stuart Weitzman brands. But the deal has faced numerous obstacles. In April, the Federal Trade Commission sued to ...
Fashion houses Tapestry and Capri end merger plan as FTC gets a luxury win
The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle ...
NBC Washington18h
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
The $8.5 billion acquisition, originally announced in August 2023, would have married America's two largest luxury houses and ...
Pepperdine University Graphic1d
‘A Shoemaker For the Stars’: Stuart Weitzman Comes to Pepperdine
Stuart Weitzman, the designer behind the brand Stuart Weitzman, visited Pepperdine on Nov. 4 to share his ...
The Daily Pennsylvanian1d
Penn extends contract for Weitzman School of Design Dean Fredrick Steiner through 2027
the dean of the Weitzman School of Design (Photo from Weitzman School of Design). The University extended the contract of ...
Retail Dive6d
Tapestry logs better-than-expected net sales, driven by Coach
The Stuart Weitzman brand grew 2%, while Kate Spade fell 7%. By region, Tapestry’s revenue fell 1% in North America, 4% ...
Morningstar1mon
Stuart Weitzman Celebrates New Campaign With Release of Film, "How Lovely to be a Woman"
NEW YORK, NY / ACCESSWIRE / October 14, 2024 / Stuart Weitzman, part of Tapestry's house of brands, is committed to driving change on pressing global social issues. For 30 years, the brand has ...
The Washington Post26d
She’s alive. Her political career is dead. We went to her estate sale.
Muriel Thomas tried on the studded, black leather Stuart Weitzman knee-high boots. They fit. “They’re actually so gorgeous,” she said Thursday morning, sitting on a chair surrounded by racks ...
Tapestry’s stock climbs on sales and earnings beat, raised outlook
Shares of Tapestry Inc. TPR climbed 5.5% in premarket trades after the fashion brand company reported better-than-expected ...