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Capri, Tapestry Scrap Merger

Hosted on MSN · 19h

Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock

(Reuters) -Tapestry said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri after a legal hurdle last month, ending their effort to create a U.S. luxury giant to compete with major European players.

UPI News on MSN · 18h

Capri and Tapestry end their $8.5 billion merger after FTC blocked it

Fashion companies Capri Holdings Limited and Tapestry -- parent companies behind the Coach and Michael Kors brands -- ended their $8.5 billion merger deal Thursday. The deal was blocked by the Federal Trade Commission.

The Washington Post on MSN · 16h

Fashion houses Tapestry and Capri end merger plan as FTC gets a luxury win

The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle.

18hon MSN

Maker of Coach handbags calls off merger with company that produces Michael Kors accessories

Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...

17h

Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger

Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, ...

Hosted on MSN20h

Tapestry and Capri Terminate $8.5B Merger Agreement

Tapestry Inc. and Capri Holdings are officially going their own way. The two companies agreed to terminate their merger ...

19h

Capri and Tapestry abandon plans to merge, citing regulatory hurdles

The parent companies behind Coach and Michael Kors saw their proposed merger blocked by the Federal Trade Commission.

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