Capri, Tapestry Pull Plug on Merger Amid Regulatory Uncertainty
Retail TouchPoints
NOVEMBER 14, 2024
Three weeks after a federal judge issued an injunction halting the merger of luxury groups Capri Holdings and Tapestry , the companies have mutually agreed to give up their plans to join forces. Both groups said that the outcome of the legal process was too uncertain and unlikely to be resolved by the outside date (or drop-dead date) of Feb.
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