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

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

Tapestry terminates its acquisition of Capri, owner of Michael Kors, due to legal challenges, boosting shares and unveiling a ...

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

CEO John Idol described the results as disappointing and pinned them on the "softening demand globally for fashion luxury ...

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% ...

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 ...

The company was founded by Michael David Kors on December 13, 2002 and is headquartered in London, the United Kingdom. Read More on CPRI: Capri Holdings NewsMORE Related Stocks Indices Commodities ...

Capri Holdings is a global fashion conglomerate known for its stable of luxury brands: Versace, Jimmy Choo, and Michael Kors. Each brand carries a unique market position, contributing to Capri's ...