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 […]
British luxury retailer Jimmy Choo which specializes in upscale shoes, accessories, handbags and fragrances, has listed itself up for sale following a review of its business according to the latest retail industry news. Jimmy Choo is mulling over various strategic options it has in a bid to give maximize value for its stakeholders and in […]