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However, Tapestry and Capri, two American luxury companies, refused to fall behind their European counterparts any longer and ...

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After the US Federal Trade Commission halted the sale, stating that it would eliminate direct competition in the mid-tier ...

Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, ...

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Fashion company Tapestry on Thursday said it's terminating its proposed merger with Capri because the two luxury groups don't expect to overcome an antitrust challenge within an acceptable time frame.

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