Tapestry, Inc. Announces Termination of Merger Agreement With Capri Holdings Limited [Yahoo! Finance]
Tapestry, Inc. (TPR)
Last tapestry, inc. earnings: 4/30 06:45 am
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Source: Yahoo! Finance
Executes Plans to Redeem Acquisition-Related Debt NEW YORK, November 14, 2024 BUSINESS WIRE )--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings Limited (NYSE: CPRI) to terminate the merger agreement between the parties. Capri and Tapestry mutually agreed that terminating the merger agreement at this time is in the best interest of both companies, as the outcome of the legal process is uncertain and unlikely to be resolved by the February 10, 2025 outside date. Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, "We have always had multiple paths to growth and our decision today clarifies the forward strategy. Building on our successful first quarter, we will move with speed and boldness to accelerate growth for our organic business. Tapestry remains in a position of strength, with distinctive brands, an agile platf
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TPR
Earnings
- 11/7/24 - Beat
TPR
Sec Filings
- 12/11/24 - Form 4
- 12/11/24 - Form 8-K
- 12/6/24 - Form 424B5
- TPR's page on the SEC website