Capri Holdings shares plunge 50% as judge halts $8.5bn merger with Tapestry
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 […]
