Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...

Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, ...

Analyst Oliver Chen of TD Cowen maintained a Hold rating on Capri Holdings (CPRI – Research Report), reducing the price target to $22.00.

For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of ...

Fashion companies Capri Holdings Limited and Tapestry -- parent companies behind the Coach and Michael Kors brands -- ended ...

Capri Holdings Ltd and Tapestry Inc. scrapped their $8.5 billion plan to merge after a court order froze the proposed ...

Capri Holdings is still looking to find its footing ... Revenue in the Americas was down 33 percent, which led to $3 million in operating losses. Michael Kors’ top line dropped 16 percent to $738 ...

Capri said Michael Kors' quarterly revenue, which contributed 68% to its total sales in 2024, declined 16%, compared with an 8.6% drop a year earlier. The company's quarterly margin was 64.3% ...

Oliver Chen has given his Hold rating due to a combination of factors influencing Capri Holdings’ current position. The company experienced a significant decline in sales, with Michael Kors and ...

The parent company of Michael Kors, Jimmy Choo ... with our obligations under the merger agreement, Tapestry and Capri have jointly filed a notice of appeal." Management said it would not provide ...

John Idol, Capri's chief executive officer (CEO), attributed the decline to “softening demand globally for fashion luxury goods.” Michael Kors revenue declined 16% to $738 million, while ...