Capri Holdings loses 45%; Tapestry rallies 16% as US federal court blocks $8.5 billion merger deal

Fashion holding company Tapestry (TPR.US), which owns brands such as Coach New York, Kate Spade New York and Stuart Weitzman, has not received approval to acquire Capri Holdings (CPRI.US), which has a portfolio of iconic brands such as Michael Kors, Versace and Jimmy Choo. Already six months ago, the US FTC blocked an acquisition deal that would have valued Capri at $8.5 billion, against a current capitalization of $2.5 billion.

At the time, the FTC cited significant competition between the two companies, particularly in the luxury handbag sector, and pointed out that the acquisition would raise costs for end consumers. A federal court made a similar argument, blocking a deal that many Capri shareholders saw as potentially extremely beneficial to the company. Despite its broad portfolio of luxury brands, Capri has been struggling with a number of, structural problems. As a result, Tapestry shareholders viewed the blocking of the 'deal' as a positive.

Tapestry (TPR.US), D1 interval

Source: xStation5

13 October 2025, 5:05 PM

Goldman Sachs boosts sentiment on Estée Lauder shares 💡

13 October 2025, 3:28 PM

US OPEN: "Green" Start to the Week on Wall Street

13 October 2025, 2:37 PM

OpenAI Announces Partnership with Broadcom. Company Shares Soar!

13 October 2025, 12:16 PM

DE40: Europe's markets recovering from correction

stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

Capri Holdings loses 45%; Tapestry rallies 16% as US federal court blocks $8.5 billion merger deal

Tapestry (TPR.US), D1 interval

Join over 1 700 000 XTB Group Clients from around the world