Capri and Tapestry Cancel $8.5B Merger Due to Regulatory Challenges
Originally Published 1 year ago — by Capri Holdings
Capri Holdings Limited and Tapestry, Inc. have mutually agreed to terminate their merger agreement due to unlikely regulatory approval by the set deadline. Capri Holdings will focus on growth strategies for its luxury brands, including Versace, Jimmy Choo, and Michael Kors, emphasizing brand desirability, product innovation, and omni-channel consumer experiences. The company plans to discuss these strategies further at an Investor Day in February 2025.