Star Tribune7h
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo ...
NBC Washington1d
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Tapestry and Capri have mutually agreed to call of their merger. The parent companies behind Coach and Michael Kors saw ...
Capri says open to talks with companies interested in assets
CEO says the company is well positioned to move ahead as an independent public company after Capri and Tapestry (TPR) ...
Capri sales drop 16% as Versace and Michael Kors hit by weak demand for luxury goods
Capri (CPRI) reports worse-than-expected FQ2 results as losses in Versace and Michael Kors weigh on results. Read more here.
Hosted on MSN7h
Coming undone: Balance restored in luxury category as Tapestry and Capri call off merger
To the surprise of no one, Tapestry (NYSE:TPR) has walked away from a potential merger with its struggling competitor Capri ...
Retail Dive2d
Capri revenue falls sharply as hopes of a Tapestry merger dim
Revenue at Michael Kors, the company’s biggest brand, dropped 16% year over year. Revenue at the brand dropped by double ...
Crain's New York1d
Michael Kors lands a half-price deal for its Plaza District store
at an 80% discount to the pre-pandemic rate for the area. Like many luxury brands, Michael Kors is having a challenging ...
Coach owner Tapestry calls off Capri bid on regulatory blocks
Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands ...