Published November 26, 2024 Capri Holdings announced on Tuesday the departure of Cedric Wilmotte from his role as chief executive officer at Michael Kors. He will be succeeded by John …
By Reuters Published November 14, 2024 Tapestry is terminating its $8.5 billion deal to buy Michael Kors owner Capri following a legal hurdle, the companies said on Thursday, ending their …
By Bloomberg Published November 7, 2024 Tapestry Inc. raised its guidance for the year, citing better-than-expected quarterly revenue at its Coach brand and strong sales in Europe. See catwalkCoach – …
By Reuters Published October 25, 2024 Shares of Michael Kors owner Capri slumped nearly 46% in premarket trading on Friday after a U.S. judge blocked its pending $8.5 billion merger …
By AFP Published October 25, 2024 A US judge on Thursday blocked fashion group Tapestry’s $8.5 billion deal to buy Capri, which owns luxury brands including Michael Kors and Versace, …
By Reuters Published October 1, 2024 The U.S. anti-trust trial over the $8.5 billion bid by luxury goods maker Tapestry to buy Capri concluded on Monday, with Tapestry lawyers citing …
By Bloomberg Published September 27, 2024 We’ve had Taylor Swift, Emily in Paris and more designer purses than Saks Fifth Avenue’s handbag floor. But there has been one $400 billion elephant …
By Bloomberg Published September 16, 2024 Fashion designer Michael Kors told a federal judge that competition in the handbag market is so robust and varied that he first learned about …
By Reuters Published September 11, 2024 Fashion holding company Tapestry has room to raise prices and lower discounts on rival Capri’s Michael Kors brand if the companies merged, a top …
By Bloomberg Published Sep 9, 2024 President Joe Biden’s antitrust enforcers face a new test in a Manhattan courtroom Monday as they push to scuttle an $8.5 billion fashion industry …