Tapestry and Capri terminate merger agreement

Quick Summary:

After losing a lawsuit against the FTC, both companies agreed to cancel the deal, calling the legal process “uncertain and unlikely to be resolved.

Tapestry and Capri said at the time that they believed the court’s reasoning was false.

Though Capri won’t be sold to Tapestry, Swartz said he believes it will be sold someday, perhaps in parts.

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Article Details

Author / Journalist: Laurel Deppen

Category: EconomyBusiness

Markets: United States

Topics: Results Michael Analysts Merger Spade Company Capri Deal Tapestry Largest Kate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 13:07:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 619 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23591249

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Official Website: retaildive.com

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Headquarters: United States

News Last Updated: 18 hours ago

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