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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 ...
What would have been the biggest fashion industry merger since the mid-2000s died today after two major luxury brands confirmed that their $8.5 billion deal is off.
MILAN (Reuters) -Italy's Prada is among the potential suitors looking at fashion group Versace which Capri Holdings has put up for sale, daily Il Sole 24 ore reported on Friday. In November, Coach ...
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 ...
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. [9]
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 ...
[25] [26] [27] The Newport Grand closed in 2018, and its replacement, the $140-million Tiverton Casino Hotel, opened days later. [28] [29] In 2016, hedge fund Standard General took an ownership stake in Twin River, [30] and its principal partner, Soo Kim, took a seat on the board. Kim went on to become Twin River's chairman in 2019, and began ...
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 ...