Tag

Capri

All articles tagged with #capri

Capri and Tapestry Call Off $8.5B Merger Amid Regulatory Challenges
business1 year ago

Capri and Tapestry Call Off $8.5B Merger Amid Regulatory Challenges

Capri and Tapestry have mutually agreed to terminate their planned $8.5 billion merger after facing regulatory hurdles from the Federal Trade Commission, which blocked the deal citing potential consumer disadvantages and reduced employee benefits. The merger would have combined six major fashion brands under one company. Following a federal judge's ruling in favor of the FTC, Tapestry's shares rose while Capri's fell. Both companies are now focusing on their individual growth strategies, with Capri planning initiatives to revitalize its brands, particularly Michael Kors.

Chanel Iman and Davon Godchaux get engaged on Italian vacation.
entertainment2 years ago

Chanel Iman and Davon Godchaux get engaged on Italian vacation.

Model Chanel Iman, who is pregnant with her third child, has announced her engagement to football player Davon Godchaux. The couple got engaged while on vacation in Capri, Italy, with Godchaux proposing on one knee with an emerald cut diamond ring. Iman shared the news on Instagram, expressing her gratitude for the new chapter in her life. The couple went public with their relationship in 2022 and announced their pregnancy earlier this month. Iman has two daughters from her previous marriage to Sterling Shepard.