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), […]
Tapestry, Inc. (NYSE: TPR) and Capri Holdings Limited (NYSE: CPRI) have entered into a definitive agreement, under which Tapestry will purchase Capri Holdings for an enterprise value of $8.5 billion. This monumental deal values Capri Holdings shares at $57 each, fully in cash. A Union of Iconic Fashion Brands This acquisition combines six globally renowned […]
