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Capri Stock Tumbles
Capri Tumbles 46% After US Court Blocks $8.5 Billion Merger With Tapestry
(Reuters) -Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry , hurting the Michael Kors owner's chances of navigating challenges at the luxury brand.
Stock of Michael Kors owner Capri dives 45% after judge blocks merger with Tapestry
A federal judge on Thursday blocked Tapestry Inc.’s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.
Capri’s Outlook Dims After Tapestry Deal Gets Blocked
Capri, already struggling, could look to sell Versace and even go private to right itself, according to analysts.
9h
on MSN
Merger between makers of Coach and Michael Kors handbags halted by judge
A U.S. District judge has halted the merger between the makers of Coach and Michael Kors handbags, saying it would reduce ...
Forbes
5h
FTC Blocks Tapestry-Capri Merger As Tapestry Vows To Fight Saying It’s ‘Pro-Consumer’
Judge Jennifer Rochon sided with the FTC in its allegations that
Tapestry
’s Coach and Kate Spade brands combined with ...
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