Search results
Results from the WOW.Com Content Network
In April, the Federal Trade Commission filed a lawsuit aiming to halt Tapestry’s $8.5 billion purchase of Capri Holdings. Buyback: Tapestry’s Board of Directors approved a $2 billion share ...
The combined Tapestry and Capri would have employed roughly 33,000 people worldwide, the agency said. ... 2025 outside date.” Capri shares slid 4.6% in premarket trading. ...
Related: Tapestry And Capri Call Off $8.5B Deal Amid L ... The final settlement is expected by the first quarter of fiscal 2026, ending September 27, 2025. To fund the share repurchases, Tapestry ...
The combined Tapestry and Capri would employ roughly 33,000 people worldwide, the agency said. The two companies' brands cover a wide array of items from clothing to eyewear to shoes. Tapestry has been on an acquisition binge for the past several years, and already owns Kate Spade New York, Stuart Weitzman and Coach.
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 rejected, but that's a small price to pay.
The combined Tapestry and Capri would employ roughly 33,000 people worldwide, the agency said. “With the goal to become a serial acquirer, Tapestry seeks to acquire Capri to further entrench its stronghold in the fashion industry,” said Henry Liu, director of the FTC’s bureau of competition in a statement.
Shares of Capri Holdings plunged after a US judge blocked its pending $8.5 billion merger with Coach owner Tapestry. ... Tapestry and Capri announced the proposed tie-up last year. ... New lawsuit ...
Kors kicked off the week of testimony in the antitrust trial in Manhattan as a Federal Trade Commission lawsuit seeks to block Tapestry’s $8.5 billion acquisition of Capri.