Capri, Tapestry Kill $8.5B Handbag Deal Amid FTC Battle

By Al Barbarino ( November 14, 2024, 10:38 AM EST) -- Capri Holdings Ltd. and Tapestry Inc. have called off their $8.5 billion merger following an extended regulatory battle with the Federal Trade Commission, with the companies mutually agreeing to terminate the deal because it is "unlikely" to obtain the regulatory approvals needed to close on time, Capri said Thursday....

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