“The blocking of Tapestry’s acquisition of Capri is absurd. It does not reflect the realities of the ... [+] market," said GlobalData's Neil Saunders. (Photo by Michael M. Santiago/Getty ...

Tapestry Inc. raised its guidance for the year on better-than-expected revenue at its Coach brand, while Capri Holdings Ltd. — Tapestry’s proposed acquisition — reported another weak quarter.

Tapestry and Capri announced the proposed tie-up last year. The combination would have brought together six high-profile fashion brands under one roof: Tapestry’s Coach, Stuart Weitzman ...

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 ...

Tapestry shares surged 12% after a federal judge blocked its $8.5 billion acquisition of Capri Holdings, whose shares plummeted nearly 46%. The deal was value-destructive for Tapestry, with no ...

Capri Holdings' stock plummeted nearly 50% after a U.S. District Judge suspended Tapestry's $8.50 billion acquisition due to competition concerns. The judge feared the merger would dominate the ...

The F.T.C. had sued to halt the merger of Tapestry, the parent of Coach and Kate Spade, and Capri, the owner of Versace and Michael Kors. By Lauren Hirsch and Jordyn Holman A federal judge moved ...

NEW YORK, Oct 24 (Reuters) - A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry (TPR.N), opens new tab and Capri (CPRI.N), opens new tab on ...

A judge has blocked Coach owner Tapestry from buying rival Capri, endorsing the Federal Trade Commission’s competition concerns. That is bad news for Capri, whose top brand Michael Kors has only ...

Capri Holdings shares fell 48% after a judge blocked its acquisition by Tapestry, which plans to appeal the ruling. Wells Fargo lowered Capri's price target from $42 to $23, while Tapestry's ...

A slew of luxury brands will remain separate entities for now. On Thursday, a judge blocked the merger of Tapestry and Capri Holdings, two companies that oversee a number of accessories brands ...

A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in an industry where merger ...