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Capri and Tapestry End Merger Plan
Tapestry’s stock pops and Capri falls 6% 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.
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, Tapestry Scrap Merger After FTC Blocked Deal
Capri Holdings Ltd and Tapestry Inc. scrapped their $8.5 billion plan to merge after a court order froze the proposed combination of the US fashion companies due to antitrust regulators’ objections.
The New York Times
1h
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, ...
2h
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 ...
6h
Hillenbrand Posts Better-Than-Expected Earnings, Joins Beazer Homes, Tapestry, Walt Disney And Other Big Stocks Moving Higher On Thursday
DLocal Limited DLO shares jumped 16.1% to $10.50 after the company reported better-than-expected third-quarter revenue ...
Bloomberg on MSN
6d
Tapestry Boosts Outlook on Stronger Coach Brand Sales
Tapestry Inc. raised its guidance for the year on better-than-expected revenue at its Coach brand, while Capri Holdings Ltd. ...
newsbytesapp.com
2d
The cultural tapestry: Folktales in Indian and Japanese societies
Despite the vast geographical divide, Indian and Japanese folktales exhibit striking thematic parallels rooted in moral ...
3d
Tapestry sees flat quarter amid weak luxury market
Tapestry has reported a 0.4 per cent decline in sales for the first quarter, which an analyst considered as “not too shoddy” ...
6d
on MSN
Coach parent Tapestry pauses Capri integration plans amid appeal to lift block
Tapestry raised its annual earnings target and topped market expectations for first-quarter revenue on Thursday, as the Coach ...
newsbytesapp.com
2d
Weaving wonder: Icons of tapestry art
Tapestry art, a centuries-old textile art form, entails the weaving (either by hand or machine) of complex designs and images ...
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