parent Capri an enterprise value of $8.5 billion and put the company under the umbrella of Tapestry, which already owns Coach and Kate Spade.
Technically the deal was on pause pending a full trial, but that process would not wrap up before the Feb. 10 expiration of the merger contract. While Tapestry is seen as in a strong position to continue to drive Coach forward as it turns around Kate Spade, Capri is on shakier ground and has seen its business weaken dramatically since the deal was cut in August 2023.
Idol said the company has been focused on “brand desirability through exciting communication, compelling product and omni-channel consumer experience.” For its part, Tapestry said it would look to drive its organic growth and added $2 billion to its share repurchase plan.
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Capri plunges after US Judge blocks $8.5B merger deal with TapestryCapri plunges after US Judge blocks $8.5B merger deal with Tapestry
แหล่ง: Investingcom - 🏆 450. / 53 อ่านเพิ่มเติม »
Federal judge blocks luxury brand merger between Tapestry and CapriA federal judge issued a ruling blocking the pending merger of luxury fashion brands Tapestry and Capri on the grounds it would undercut competition in the handbag market.
แหล่ง: FoxBusiness - 🏆 458. / 53 อ่านเพิ่มเติม »
Tapestry, Capri file notice to appeal court decision blocking their $8.5 billion mergerTapestry and Capri Holdings have filed their notice to jointly appeal the decision by a U.S. District judge to temporarily halt the merger between the makers of Coach and Michael Kors handbags, according to a court filing Monday.
แหล่ง: wjxt4 - 🏆 246. / 63 อ่านเพิ่มเติม »
Tapestry, Capri file notice to appeal court decision blocking their $8.5 billion mergerTapestry and Capri Holdings have filed their notice to jointly appeal the decision by a U.S. District judge to temporarily halt the merger between the makers of Coach and Michael Kors handbags, according to a court filing Monday. In her ruling Thursday, U.S.
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »
Tapestry, Capri file notice to appeal court decision blocking their $8.5 billion mergerTapestry and Capri Holdings have filed their notice to jointly appeal the decision by a U.S. District judge to temporarily halt the merger between the makers of Coach and Michael Kors handbags, according to a court filing Monday.
แหล่ง: ksatnews - 🏆 442. / 53 อ่านเพิ่มเติม »