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

The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle ...

Shares of Coach and Kate Spade parent Tapestry jumped Thursday morning while those of Michael Kors and Versace owner Capri ...

After losing a lawsuit against the FTC, both companies agreed to cancel the deal, calling the legal process “uncertain and ...

For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of ...

The proposed merger that would've combined six luxury brands owned by Capri and Tapestry was abandoned by the companies due ...

Tapestry—the owner of luxury brands such as Kate Spade and Coach—and Capri—owner of Michael Kors, Versace and Jimmy Choo ...

Key Takeaways The S&P 500 slipped 0.6% on Thursday, Nov. 14, 2024, as hotter-than-expected wholesale inflation data raised ...

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

JPMorgan analyst Matthew Boss added Tapestry (TPR) to the firm’s Analyst Focus List as a value pick after the company reached an ...

Capri Holdings (CPRI) and Tapestry, Inc. (TPR) have terminated their $8.5B merger deal due to regulatory challenges.

The parent companies behind Coach and Michael Kors saw their proposed merger blocked by the Federal Trade Commission.