Coach

Consumer Goods

Capri, Tapestry Scrap Merger After FTC Blocked Deal

Observers say it was unlikely that the deal would have succeeded on appeal.

November 14, 2024

Consumer Goods

FTC Wins Halt to $8.5B Tapestry Tie-Up

The ruling is a major victory for FTC Chair Lina Khan, who has tried to sink takeovers deemed anticompetitive in different sectors with mixed results.

October 25, 2024

Shoppers carry Neiman Marcus branded bags

Retail

Saks Owner Seals $2.65B Neiman Deal with Amazon Help

The deal will cut costs and boost profitability by giving the new company bargaining power with vendors and reducing supply-chain and other shared costs.

July 3, 2024

Consumer Goods

U.S. Sues to Block $8.5B Union of Coach, Michael Kors

Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector.

April 23, 2024

Strategic Owners

Tapestry’s $8.5B Capri Deal Reportedly Faces Planned FTC Lawsuit

If successful, the suit could scuttle the creation of a U.S.-based luxury conglomerate that aims to compete with big European fashion companies.

April 17, 2024

SPACs

AI Startup Fusemachines Strikes SPAC Deal to List on Nasdaq

The merger gives it funds to expand and improve its product offering as AI adoption gathers speed, fueled by the popularity of generative AI service ChatGPT.

January 23, 2024

Lenders & Private Credit

Credit Market Thaw Paves Way for M&A Debt Deals

Tapestry, the owner of fashion brands including Coach and Kate Spade, is in the market with a five-part deal to help finance its $8.5 billion purchase of Capri Holdings Ltd.

November 15, 2023

Financial Services

Bill Gross Goes From Bond King to Merger-Arbitrage Player

The Bond King says equity valuations are too high given the steep increase in borrowing costs.

October 11, 2023

Consumer Goods

Coach Owner to Buy Michael Kors Parent in $8.5 Billion Deal

Tapestry’s acquisition of Capri is an attempt to try to compete more effectively against luxury’s top players, particularly in handbags and shoes.

August 10, 2023

Coach

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