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Stock impact report

Major fashion handbag brand gives huge update on FTC merger appeal [Yahoo! Finance]

Tapestry, Inc. (TPR) 
Last tapestry, inc. earnings: 4/30 06:45 am Check Earnings Report
US:NYSE Investor Relations: tapestry.com/investors
Company Research Source: Yahoo! Finance
However, Tapestry and Capri, two American luxury companies, refused to fall behind their European counterparts any longer and devised a plan to take over the luxury fashion world. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter These two U.S. companies own some of the industry's most popular luxury fashion brands. Tapestry owns renowned brands like Coach, Kate Spade, and Stuart Weitzman, and Capri owns esteemed brands, including Versace, Jimmy Choo, and Michael Kors. Related: Two major fashion handbag brands were just dealt a big blow by the U.S. government In August 2023, Tapestry Inc. announced it planned to acquire Capri Holdings in an $8.5 billion deal to merge the luxury fashion houses. If the deal between Tapestry and Capri were to come to fruition, this multi-billion dollar merger would've created one of the largest luxury fashion houses in the world, putting the U.S. at the forefront of luxury fashion and potentially taking over Europe's fir Show less Read more
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