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Capri Holdings and Tapestry terminate merger deal
Capri Holdings Limited and Tapestry Inc. have reached an agreement to terminate their merger arrangement, Capri announced in a press release. The news comes after a judge blocked the multi-billion dollar deal. Capri and Tapestry have said they are finally pulling the plug on their multi-billion dollar deal "in the best interest of both...
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Tapestry x Capri merger blocked: What does this mean for the ‘accessible’ fashion market?
On Thursday, October 24, a US judge opted to block Tapestry’s attempt to buy competitor Capri Holdings, with “loss of head-to-head competition” cited as the reasoning. The case, first brought forward in a lawsuit by the Federal Trade Commission (FTC), became high profile due to its involvement of notable executives and the fact that the merger...
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Michael Kors opens temporary London store
US fashion label Michael Kors has unveiled a new temporary store location in London as its yet-to-be-unveiled flagship store in the city undergoes construction. Located at 9 Old Bond Street, the temporary site will house Michael Michael Kors, Michael Kors Mens and Michael Kors Collection among its stock. This will serve as one of the brand’s...
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