Coach-parent Tapestry has terminated its deal to acquire Michael Kors-owner Capri Holdings, the two companies announced Thursday morning. The decision comes less than a month …
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Tapestry
Tapestry Gains as Quarterly Profit Beats Wall Street’s View
Tapestry Inc.’s shares rose as the maker of handbags and clothing’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears. …
Tapestry Misses Quarterly Revenue Expectations
Coach handbag maker Tapestry posted third-quarter revenue below Wall Street expectations on Thursday as demand for its handbags and accessories continued to falter in the …
This Week, Tapestry Takes on the FTC; Politics Threaten to Intrude on the Met Gala
After the US Federal Trade Commission moved to block Tapestry’s acquisition of Capri, Tapestry chief executive Joanne Crevoiserat went on an impromptu media tour. In …
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
There’s a risk that shares of Capri Holdings Ltd. decline by roughly 30 percent or more if a proposed $8.5 billion tie up with Tapestry …
Is the FTC Really Going to Stop Tapestry and Capri From Merging?
For months, short-selling investors have been placing a wager that Tapestry’s $8.5 billion acquisition of competitor Capri Holdings would never happen. It seemed like a …
US FTC Preparing to Sue to Block $8.5 Bln Takeover of Capri by Tapestry, NYT Dealbook Reports
The US Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT …
Tapestry Merger With Versace Owner Capri Gets EU, Japan Approval
Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies …
Power Moves | Tapestry Appoints CFO, LVMH Fashion Group Has a New Deputy CEO
Tapestry appoints Scott A. Roe CFO and head of strategy. The longtime VF Corp. executive will lead financial functions as well as the strategy and …
EU Regulators to Decide on Tapestry Deal for Michael Kors Owner by Mid-April
EU antitrust regulators will decide by April 15 whether to clear Coach parent Tapestry’s $8.5 billion acquisition of Michael Kors owner Capri Holdings, according to …
Tapestry Forecasts Higher 2024 Profit on China Demand, Strong Margins
Coach parent Tapestry raised its annual profit forecast on Thursday, betting on full-price sales of its premium handbags and satchels as well as early signs …
Coach Handbag Maker Tapestry Cuts 2024 Sales View on Slowing Demand
Tapestry, which agreed to buy rival Capri in August, cut its annual sales forecast and missed the estimates for first quarter on Thursday, taking a …
Tapestry Lifts Forecast as Coach Bags Defy US Luxury Gloom
Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China …
Tapestry Invests in Alternative Leather Company Gen Phoenix
Reusable leather-maker Gen Phoenix, formerly known as Eleather, has raised $18 million in a funding round that counts Coach-owner Tapestry and boot brand Dr. Martens …
Tapestry Raises Annual Profit Forecast
Luxury group Tapestry Inc raised its annual profit forecast on Thursday, helped by resilient demand and its strategy to largely use company-owned stores and its …
Power Moves | Tapestry Appoints CFO, i-D Names Global Fashion Director
LONDON, United Kingdom — BoF compiles the most important professional moves of the week. Tapestry appoints CFO Tapestry Inc. has shuffled its board of executives …
Tapestry Cuts Profit Forecast as China Lockdowns Bite
Tapestry lowered its full-year profit forecast on Thursday as fresh lockdowns in major market China hurt sales of its luxury handbags and apparel, sending its …