Hosted on MSN13m
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 ...
The New York Times2h
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 ...
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 ...
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 ...
NBC Washington17h
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Tapestry and Capri have mutually agreed to call of their merger. The parent companies behind Coach and Michael Kors saw ...
Fox Business49m
Capri terminates Tapestry merger citing regulatory hurdles
Had the merger proceeded, it would've united Tapestry's Coach, Kate Spade and Stuart Weitzman brands with Capri's Versace, Jimmy Choo and Michael Kors. The leaders of the two companies outlined ...
Michael Kors Owner Capri Sees Business Fall Further as Revenues Drop 16.4%
CEO John Idol described the results as disappointing and pinned them on the “softening demand globally for fashion luxury ...
Capri sales drop 16% as Versace and Michael Kors hit by weak demand for luxury goods
Capri (CPRI) reports worse-than-expected FQ2 results as losses in Versace and Michael Kors weigh on results. Read more here.
Retail Dive2d
Capri revenue falls sharply as hopes of a Tapestry merger dim
Revenue at Michael Kors, the company’s biggest brand, dropped 16% year over year. Revenue at the brand dropped by double ...