Tapestry merger with Versace owner Capri gets EU, Japan approval [Reuters]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: Reuters
April 15 (Reuters) - Coach parent Tapestry's (TPR.N) New Tab , opens new tab $8.5 billion deal to buy Michael Kors owner Capri Holdings (CPRI.N) New Tab , opens new tab has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring top luxury labels such as Tapestry's Kate Spade, Stuart Weitzman and Capri's Jimmy Choo and Versace under one roof, still awaits approval from the United States. The U.S. Federal Trade Commission (FTC) sought additional information on the planned merger from the two companies in November, months after the deal was announced. A merger between the two companies would help Tapestry compete better with Paris-listed LVMH (LVMH.PA) New Tab , opens new tab in the European luxury market, even as demand for expensive handbags and accessories remains choppy in the United States. The deal is expected to close in 2024 and add to Tapestry's adjusted profits immediately, the companies said l
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News
- Must Read: Is the Dream of 'an American LVMH' over?, How One Family Built a Legacy in the Black Hair-Care Industry [Yahoo! Finance]Yahoo! Finance
- Ricky Martin to headline LA Pride in the Park festival [Los Angeles Times (CA)]Los Angeles Times
- Is Capri Holdings Limited (NYSE:CPRI) Trading At A 41% Discount? [Yahoo! Finance]Yahoo! Finance
- What Next For Investors As Tapestry's Acquisition Of Capri Goes To Court [Seeking Alpha]Seeking Alpha
- Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails [Yahoo! Finance]Yahoo! Finance
CPRI
Earnings
- 2/8/24 - Miss
CPRI
Sec Filings
- 4/22/24 - Form 8-K
- 4/15/24 - Form 8-K
- 2/13/24 - Form SC
- CPRI's page on the SEC website