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With Tapestry's $8.5 billion merger with luxury retail peer Capri called off, CIO Yang Lu can dedicate her focus on innovative technologies, like artificial intelligence.
Tapestry stock plunged nearly 16% as of the market close on Thursday while shares of Capri Holdings skyrocketed 55%. According to one industry veteran, the deal may not be a smart move on the part ...
Tapestry, Inc. (NYSE:TPR) has entered into Accelerated Share Repurchase agreements with Bank of America N.A. and Morgan Stanley & Co. LLC to repurchase $2.0 billion shares of common stock. While ...
Tapestry, Inc. is an American multinational fashion holding company. It is based in New York City and is the parent company of three major brands: Coach New York, Kate Spade New York and Stuart Weitzman. Originally named Coach, Inc., the business changed its name to Tapestry on October 31, 2017. [4]
Tapestry, Inc. agreed to acquire Capri for $8.5 billion in August 2023. In April 2024, the U.S. Federal Trade Commission sued to block the acquisition citing reduced competition between their brands, like Coach and Michael Kors, in the affordable luxury handbag market. It was also concerned that the deal would negatively impact hiring of ...
Dividend: Tapestry plans to maintain its annual dividend of $1.40 per share and aims to grow dividends in line with earnings, targeting a payout ratio of 35% to 40%.
Tapestry and Capri each had their reasons for wanting to join forces. For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of growth.
By 2015, Jones had made almost 31 annual visits to Pangnirtung and had purchased every one of Andrews's prints—etchings, stone cuts, lithographs, and linocuts." [14] In 2006, Jones donated his collection of "140 of Qappik’s catalogued and uncatalogued prints" to the Winnipeg Art Gallery (WAG), which has the world's largest Inuit art collection.