Stocks gave up an early gain and closed mostly lower on Wall Street, ending a six-week winning streak. The S&P 500 ended ...
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Michael Kors Parent Craters On Blocked Merger With Tapestry
Shares of Capri Holdings, the parent company of luxury accessory brand Michael Kors, plummeted Friday after a judge on Thursday blocked its $8.5 billion buyout from Coach-owner Tapestry.The judgment ...
A federal judge granted the FTC's motion to block the merger between Tapestry and Capri Holdings.
After the market closed yesterday, Capri Holdings (CPRI), a judge ruled against the planned sale to Tapestry (TPR). In response, the stock plunged by over 50%, while TPR stock should gain at least 10% ...
The announcement sent shares of Capri (CPRI) - the owner of Versace, Jimmy Choo and Michael Kors - down 45% in after-hours trade. Shares of Tapestry (TPR) - which oversees Coach, Kate Spade and Stuart ...
Tapestry's acquisition of rival Capri was blocked by a federal judge, dealing a blow to the company's intent to create a house of brands including Coach, Kate Spade, Michael Kors, Versace and Jimmy ...
A federal court judge has blocked the proposed merger between Tapestry-owned Coach and Capri parent Michael Kors. The ...
A U.S. District judge has halted the merger between makers of Coach and Michael Kors handbags, saying it would reduce competition and hurt consumers. In her ruling Thursday, U.S.