Latest in Tapestry’s
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Trump picks Scott Bessent as Treasury secretary
Hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffsBusiness - Financial Times - Yesterday -
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the ...Business - The New York Times - November 14 -
Tapestry’s stock soars and Capri erases losses as fashion giants scrap merger deal
Tapestry Inc.’ stock soared Thursday, while Capri Holdings Inc.’s stock erased losses to gain 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.Business - MarketWatch - November 14 -
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
The parent companies behind Coach and Michael Kors saw their proposed merger blocked by the Federal Trade Commission.Business - CNBC - November 14 -
China borrows almost as cheaply as US in return to dollar bond market
Investors place nearly $40bn of orders to buy $2bn of bonds issued by China’s finance ministryBusiness - Financial Times - November 14 -
Tapestry, Capri End Merger Hopes Amid Legal Uncertainty
Tapestry—the owner of luxury brands such as Kate Spade and Coach—and Capri—owner of Michael Kors, Versace and Jimmy Choo ended their merger efforts after a federal lawsuit sought to block the deal.Business - The Wall Street Journal - November 14 -
Tapestry’s stock climbs on sales and earnings beat, raised outlook
Tapestry’s first-quarter revenue was fueled by topline growth at Coach.Business - MarketWatch - November 7
