capri michael kors news

Stock of Michael Kors owner Capri dives

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.

CNBC on MSN · 14h

Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent Capri

A federal court judge has blocked the proposed merger between Tapestry-owned Coach and Capri parent Michael Kors. The reasoning behind the judge's order wasn't immediately clear but the FTC had previously argued the merger would harm consumers,

Reuters · 1h

Capri shares tumble 46% after US court blocks $8.5 bln merger with Tapestry

Shares of Michael Kors owner Capri slumped nearly 46% in premarket trading on Friday after a U.S. judge blocked its pending $8.5 billion merger with handbag maker Tapestry .

10h

Judge Blocks Luxury Fashion Deal, Citing Risk of Higher Handbag Prices

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 ...

13h

Capri stock craters nearly 50% after judge blocks $8.5 billion Tapestry deal

Shares of Capri Holdings plunged after a US judge blocked its pending $8.5 billion merger with Coach-owner Tapestry.

14m

Capri shares tumble 46% after US court blocks $8.5 billion merger with Tapestry

Tapestry agreed to buy Capri last year to create a U.S. luxury giant that could compete better with larger European rivals by bringing brands Coach, Kate Spade, Versace, Jimmy Choo and Michael Kors ...

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