Coach parent Tapestry pulls $8.5 billion bid for Capri

Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock
Tapestry terminates its acquisition of Capri, owner of Michael Kors, due to legal challenges, boosting shares and unveiling a $2B buyback plan.
Capri and Tapestry end their $8.5 billion merger after FTC blocked it
Fashion companies Capri Holdings Limited and Tapestry -- parent companies behind the Coach and Michael Kors brands -- ended their $8.5 billion merger deal Thursday. The deal was blocked by the Federal Trade Commission.
Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger
Shares of Coach and Kate Spade parent Tapestry jumped Thursday morning while those of Michael Kors and Versace owner Capri Holdings fell after they called off their planned merger over ongoing legal challenges.
Capri terminates Tapestry merger citing regulatory hurdles
The proposed merger that would've combined six luxury brands owned by Capri and Tapestry was abandoned by the companies due to regulatory challenges posed by an FTC lawsuit.
Coach parent Tapestry terminates $8.5 billion deal for Capri
Tapestry said on Thursday it was ending its $8.5 billion bid for Michael Kors owner Capri after the deal was blocked by a U.S. judge, ending an effort to create a U.S. luxury giant that would compete with major European players.
Coach Owner Tapestry Calls Off Capri Bid On Regulatory Blocks
Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands including Michael Kors and Versace, following a successful legal challenge by US regulators.
Here’s what comes next for Tapestry and Capri after the death of their major fashion merger
For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of ...
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, ...
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...
Capri, Tapestry Scrap $8.5 Billion Merger, Ciring Regulatory Hurdles Following FTC Intervention
Capri Holdings and Tapestry mutually agreed to terminate their planned $8.5 billion merger following an FTC lawsuit that ...
Tapestry and Capri Terminate $8.5 Billion USD Merger
After the US Federal Trade Commission halted the sale, stating that it would eliminate direct competition in the mid-tier ...
Hosted on MSN9h
Tapestry and Capri Terminate $8.5B Merger Agreement
Tapestry Inc. and Capri Holdings are officially going their own way. The two companies agreed to terminate their merger ...
Coming undone: Balance restored in luxury category as Tapestry and Capri call off merger
To the surprise of no one, Tapestry ( NYSE: TPR) has walked away from a potential merger with its struggling competitor Capri ...
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 ...