Tapestry and Capri mutually agree to terminate $8.5bn merger
Tapestry, a US conglomerate of luxury fashion brands, has officially terminated its merger agreement with Capri Holdings, owner of Versace, Jimmy Choo and Michael Kors. This decision to abandon the merger plans comes after a US district judge Jennifer Rochon stalled the prospective $8.
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Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...
(Reuters) -Tapestry said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri after a legal ...
Tapestry and Capri have mutually agreed to call of their merger. The parent companies behind Coach and Michael Kors saw ...
Analyst Oliver Chen of TD Cowen maintained a Hold rating on Capri Holdings (CPRI – Research Report), reducing the price target to $22.00.
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