Tapestry and Capri Holdings Terminate Their $8.5 Billion Merger Agreement
10 Hudson Yards, West 30th Street, Chelsea District, Manhattan Community Board 4, Manhattan, New York County, New York, 10199, United States
Tapestry
CONFIRMED86% CONFIDENCETapestry's SEC[1] filing states 'On November 13, 2024, the Parties entered into a Termination Agreement ... pursuant to which the Parties agreed that the Merger Agreement ... was terminated ... effective immediately.'
Tapestry and Capri Holdings scrapped their planned merger after the FTC's court win, with Tapestry agreeing to reimburse Capri $45.1 million in expenses rather than keep fighting past the deal's outside date.
$45.1M
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