Coach parent Tapestry terminates $8.5 billion deal for Capri

The deal would have brought six brands under one roof: Tapestry’s Coach, Kate Spade and Stuart Weitzman; and Capri’s Versace, Jimmy Choo and Michael Kors. Shares of Tapestry were up 5% in premarket trading, while those of Capri lost 3%.

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Yahoo! Finance: CPRI News

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