In a seismic shift for the U.S. luxury market, Tapestry Inc. has terminated its ambitious $8.5 billion acquisition of Capri Holdings, a bid that would have united six iconic brands under a single American luxury conglomerate. The announcement comes on the heels of a significant regulatory roadblock imposed by the U.S. Federal Trade Commission (FTC), […]
In a significant setback for Capri Holdings, the company’s stock nosedived by 50% after a U.S. federal judge blocked its $8.5 billion merger with Tapestry. The decision has triggered widespread concerns among investors and market watchers, questioning the future trajectory of both luxury fashion giants. The Federal Trade Commission (FTC) had previously argued that the […]
In a sudden turn of events, WillScot Mobile Mini Holdings Corp and McGrath RentCorp have officially terminated their highly anticipated $3.8 billion merger deal. The decision was driven by the companies’ inability to secure approval from U.S. regulators, marking a dramatic end to one of the most significant acquisition attempts in the portable storage and […]
Kroger Co. saw its stock price surge 6% after the company posted better-than-expected profit results for the second quarter. Despite an economic environment marked by cautious consumer spending, even among more affluent customers, Kroger’s adjusted earnings per share (EPS) reached $0.93, exceeding analyst predictions of $0.91. However, its diluted EPS came in at $0.64, and […]