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Capri, Tapestry Scrap Merger
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.
Capri, Tapestry Scrap Merger After FTC Wins Blocking Order
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.Tapestry,
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 Holdings Limited ( NYSE: CPRI ), the parent company of luxury brands Michael Kors, Versace, and Jimmy Choo.
1h
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 ...
Forbes
2h
Bagging Premium And Dividend With Tapestry Buy Write
If we earn the dividend on December 6, and if
Tapestry
closes above $58 at expiration, we would be assigned and earn $2.45 ...
Fox Business
2h
Capri terminates Tapestry merger citing regulatory hurdles
The luxury fashion brand merger between Capri and
Tapestry
is officially off, as the two companies announced Thursday that they will abandon the merger because they were unlikely to gain regulatory ...
Yahoo
2h
These Stocks Are Moving the Most Today: Walt Disney, Super Micro, Cisco, ASML, JD.com, Tapestry, Intuitive Machines, and More
(Bloomberg) -- Cisco Systems Inc., the biggest maker of computer networking equipment, delivered better-than-expected ...
5h
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 ...
NBC Los Angeles
7h
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
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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 ...
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