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Capri is the parent company of Kors' eponymous brand, as well as Versace and Jimmy Choo. Tapestry , owner of Coach New York and Kate Spade , offered to buy Capri for $8.5 billion in 2023, [ 7 ] [ 8 ] but called off the acquisition after it was blocked by a federal judge the following year.
Image source: Getty Images. Tapestry. The government's blocking of the deal with Capri could be the best thing for Tapestry. The company will have to pay Capri up to $50 million if the deal is ...
For Capri, Tapestry's strong data, marketing and real estate capabilities, would have potentially helped Michael Kors, Versace and Jimmy Choo end their long-time slumps.
Tapestry, Inc. (NYSE:TPR) shares are trading higher premarket on Thursday after the company disclosed that it has reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate their ...
Tapestry announced it would acquire Capri Holdings in August 2023 for $8.5 billion. [10] Capri owns the brands Versace, Michael Kors, and Jimmy Choo. [11] The U.S. Federal Trade Commission sued to block the acquisition in April 2024 citing reduced competition between their brands, like Coach and Michael Kors, in the affordable luxury handbag ...
Image source: Getty Images. Capri comes up short. The parent company of Michael Kors, Jimmy Choo, and Versace said that revenue in the quarter fell 16.4% to $1.08 billion, which missed estimates ...
This section's factual accuracy may be compromised due to out-of-date information.The reason given is: Gannett sold some newspapers -- specifically Miami OK, wiki page for Miami News-Record show Gannett sold it in 2021.
Capri Holdings (), the parent company of Michael Kors and Jimmy Choo, saw shares plunge around 47% in early trading on Friday after a US judge blocked its pending $8.5 billion acquisition by Coach ...