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Capri, Tapestry
US court blocks Tapestry's $8.5 billion acquisition of rival Capri
A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade Commission that is a likely death blow for the deal.
Capri Stock Sinks 50% as Judge Blocks Merger With Tapestry
Capri Holdings stock tumbled Thursday after a judge granted the Federal Trade Commission’s request to block the company’s intended merger with competitor Tapestry.Capri shares were down 50% to $20.88 in after-hours trading Thursday.
Versace Parent Capri Stock Tumbles as Judge Blocks Merger With Coach Owner
Capri Holdings shares are plummeting nearly 50% in premarket trading Friday after a federal judge blocked Coach owner Tapestry's $8.5 billion acquisition of the Versace and Michael Kors parent.
20h
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 ...
Forbes
3h
FTC Blocks Tapestry-Capri Merger As Tapestry Vows To Fight Saying It’s ‘Pro-Consumer’
The U.S. District Court in the Southern District of New York just blocked the acquisition of Capri Holdings by
Tapestry
in ...
21h
on MSN
Judge sides with federal regulators, blocks luxury fashion merger
A federal judge on Thursday temporarily blocked luxury fashion conglomerate Tapestry from moving forward with its $8.5 ...
14h
on MSN
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 ...
6h
on MSN
Judge Blocks Deal to Unite the Coach and Michael Kors Brands
Capri merger would raise prices for shoppers of luxury handbags ...
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