{
Tapestry, Inc.

Companies

}
tapestry plans to buy back 6.1 billion in bonds after deal collapse
Tapestry Inc. plans to buy back $6.1 billion in bonds issued to finance its now-abandoned acquisition of Capri Holdings, which was halted due to antitrust concerns. The company will redeem the debt at 101 cents on the dollar or euro, resulting in paper losses for investors holding bonds that had recently traded at higher values.
bloomberg.com
Euro United States Dollar Tapestry, Inc. Capri Holdings USA
Finance & Economy, Market Report
14:00 14.11.2024
tapestry inc showcases iconic lifestyle brands and diverse product offerings
Tapestry, Inc. is a prominent house of lifestyle brands, featuring Coach, kate spade new york, and Stuart Weitzman. Coach serves as a global fashion house for accessories, while kate spade new york offers a range of everyday essentials, including handbags, apparel, and home accessories. The company markets its products through direct-to-consumer, wholesale, and licensing channels, encompassing retail stores, e-commerce, and licensed shop-in-shops.
MarketScreener
Coach Stuart Weitzman LLC Kate Spade New York Tapestry, Inc. USA Show more
TradFi, Market Report
17:02 12.11.2024
Tapestry raises revenue forecast on strong Coach brand sales growth
Tapestry Inc. has raised its revenue forecast for the year, anticipating over $6.75 billion, driven by stronger-than-expected sales at its Coach brand and robust performance in Europe. This marks a growth projection of up to 2% compared to the previous year, an increase from earlier forecasts of flat growth. [Bloomberg](https://www.bloomberg.com)
bloomberg.com
Tapestry, Inc. USA
Finance & Economy, Market Report
13:02 07.11.2024
tapestry acquisition of capri in jeopardy after court ruling
Tapestry Inc.’s $8.5 billion acquisition of Capri Holdings Ltd. is in jeopardy following a court order that temporarily blocks the buyout, a significant win for the FTC. This ruling has led to a sharp decline in Capri's stock, which hit record lows, and has negatively impacted other companies facing antitrust scrutiny, such as Albertsons and Vizio.
bloomberg.com
Capri Holdings Limited VIZIO Holding Corp. Tapestry, Inc. Albertsons Companies, Inc. USA Lina Khan Show more
Regulatory & Legal, Market Report
21:32 25.10.2024
market update tesla surges as tapestry merger blocked and food safety concerns rise
The S&P 500 rebounded with a 0.21% gain, while the Nasdaq rose 0.76%, despite the Dow experiencing its first four-day losing streak since June. Tapestry's $8.5 billion merger with Capri was blocked by a federal judge, causing Capri's shares to plummet 50%. Tesla's stock surged 22% after strong earnings, boosting Elon Musk's net worth by $26 billion. Microsoft CEO Satya Nadella's compensation increased 63% to $79.1 million, despite his request for a pay cut due to security concerns. Meanwhile, Burger King and Taco Bell are removing onions from some locations following an E. coli outbreak linked to McDonald's.
CNBC
United States Dollar Burger King Corporation Corporation Tapestry, Inc. Tesla, Inc. Capricor Therapeutics, Inc. Microsoft Corporation USA Satya Nadella Elon Musk Show more
Finance & Economy, Market Report
13:17 25.10.2024
tesla shares soar as markets react to earnings and growth projections
U.S. markets showed mixed results, with the S&P 500 and Nasdaq rising due to a 21.9% surge in Tesla shares after positive earnings and growth projections, while the Dow fell, impacted by Boeing and IBM. Tapestry's $8.5 billion acquisition of Capri was blocked, causing Tapestry's shares to jump 13.7% and Capri's to plummet 45.1%. Analysts suggest a potential 5% pullback for the S&P amid ongoing market uncertainties, though a post-election relief rally is anticipated.
CNBC
Oppo Tapestry, Inc. Barclays PLC Tesla, Inc. Capricor Therapeutics, Inc. GBR USA CHN Andy Sieg Lisa Kailai Han Billy Zhang John Maynard Keynes Elon Musk Show more
Finance & Economy, Market Report
03:10 25.10.2024
judge blocks tapestry's 8.5 billion acquisition of capri holdings
A judge has blocked Tapestry Inc.'s $8.5 billion acquisition of Capri Holdings, citing anticompetitive concerns. This ruling allows the US Federal Trade Commission to conduct its own internal trial regarding the merger, a process that could take months and potentially prevent the deal from proceeding.
Bloomberg.com
Capri Holdings Ltd. Tapestry, Inc. USA Jennifer Rochon
Regulatory & Legal, News Article
22:07 24.10.2024
ubs hedge fund bets on merger-arb revival amid regulatory challenges
UBS O’Connor is betting $4 billion on a revival in the merger-arbitrage market, which has struggled this year due to regulatory challenges. With a third of its portfolio in merger-arb, the firm anticipates a catalyst-rich quarter ahead, driven by the US presidential election and updates on key deals. Despite a slight recovery, merger-arb strategies remain among the weakest in hedge-fund performance, with a 3.5% gain compared to the broader industry’s 8.3%.
@YahooFinance
Hess Corporation Federal Trade Commission United States Steel Corporation Chevron Corporation UBS Asset Management AG Capri Holdings Limited Tapestry, Inc. USA Lina Khan Jonathan Caplis Blake Hiltabrand Show more
TradFi, Market Report
11:00 15.10.2024
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