Shares of Capri Holdings, the parent company of luxury accessory brand Michael Kors, plummeted early Friday after a judge on Thursday blocked its $8.5 billion buyout from Coach-owner Tapestry.The ...
A federal court blocked Tapestry from closing its acquisition of rival Capri, dealing a blow to their ambitions to create a house of brands that would include Coach, Michael Kors, Versace and Jimmy ...
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 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.
with Michael Kors, Versace and Jimmy Choo, which are controlled by Capri. A trial in connection with the Federal Trade Commission's attempt to block Tapestry's acquisition of Capri took place in ...