Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, ...
Capri Holdings (CPRI) and Tapestry, Inc. (TPR) have terminated their $8.5B merger deal due to regulatory challenges.
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The decision focused primarily on the definition of the “accessible luxury” handbag market, which the FTC said is a term Tapestry coined itself. “This is also a ‘by the book’ decision ...
The company — which owns Coach, Kate Spade and Stuart Weitzman — now expects revenue to grow 1 to 2 per cent, reaching over ...
On October 24, 2024, the District Court for the Southern District of New York granted the Federal Trade Commission (“FTC”)’s request for a ...
Tapestry’s holistic wellness approach supports residents in strengthening mind, body and spirit and fostering meaningful life ...
Many observers viewed the FTC’s case challenging the Tapestry/Capri merger based on a relevant product market of “accessible luxury handbags” ...
Tapestry is up 32.8% since the beginning of the year, and at $50.67 per share, has set a new 52-week high. Investors who bought $1,000 worth of Tapestry’s shares 5 years ago would now be looking ...
The FTC's antitrust decision against Capri's merger with Tapestry has halved CPRI stock, highlighting new challenges for luxury brand acquisitions in the U.S. The FTC's narrow market definition ...
Capri and Tapestry said they intend to appeal the ... they weren't relevant enough to make our top 200 brands index, so by definition, this shocking block of the acquisition of CPRI makes zero ...