Tapestry, Inc. (TPR)
| Previous Close | 40.49 |
| Open | 40.84 |
| Bid | 40.38 x 1100 |
| Ask | 40.39 x 1100 |
| Day's Range | 40.30 - 41.06 |
| 52 Week Range | 25.99 - 48.80 |
| Volume | |
| Avg. Volume | 3,856,404 |
| Market Cap | 9.273B |
| Beta (5Y Monthly) | 1.60 |
| PE Ratio (TTM) | 10.18 |
| EPS (TTM) | 3.97 |
| Earnings Date | May 09, 2024 - May 13, 2024 |
| Forward Dividend & Yield | 1.40 (3.46%) |
| Ex-Dividend Date | Mar 07, 2024 |
| 1y Target Est | 49.59 |
BloombergFTC Preparing Objections to Tapestry’s Capri Deal, NYT Says
(Bloomberg) -- US regulators are moving to block fashion company Tapestry Inc.’s $8.5 billion planned takeover of Capri Holdings Ltd., the New York Times reported, citing people with knowledge of the matter.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Red Lobster Considers Bank
WWDTapestry CEO Joanne Crevoiserat Signals Confidence in Capri Deal
Tapestry’s $8.5 billion buyout of Capri was approved by regulators in the E.U. and Japan, but still needs a sign off from the U.S. FTC. Crevoiserat said she's, "looking forward to moving forward" with the deal.
- Reuters
UPDATE 1-Tapestry merger with Versace owner Capri gets EU, Japan approval
Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring top luxury labels such as Tapestry's Kate Spade, Stuart Weitzman and Capri's Jimmy Choo and Versace under one roof, is still awaiting clearance from U.S. regulators. Tapestry CEO Joanne Crevoiserat told Reuters in an interview that the companies are cooperating with the FTC's requests and the deal is still on track to close in the 2024 calendar year.
