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Capri, Tapestry Scrap Merger
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.
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, after the Federal Trade Commission successfully sued to stop the transaction.
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 handbag market.
18h
on MSN
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 ...
Hosted on MSN
15h
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 ...
CBS News
20d
Makers of Coach and Michael Kors handbags blocked from merger in antitrust case
A U.S. District judge has halted the
merger
between the makers of Coach and
Michael
Kors
handbags, saying it would reduce competition and hurt consumers. In her ruling Thursday, U.S. District ...
Retail Dive
3d
Capri revenue falls sharply as hopes of a Tapestry merger dim
Revenue at
Michael
Kors
, the company’s biggest brand ... in doubt thanks to the FTC’s kiboshing of the deal,” Saunders ...
8h
The Owner of Coach Abandons Its $8.5 Billion Bid to Take Over Versace’s Parent Company
Tapestry, which owns Coach and Kate Spade, and Capri Holdings, which oversees Versace and Michael Kors, have called off their ...
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