Tapestry and Capri Scrap Merger Plans. Completion of Luxury Deal Uncertain.

Tapestry and Capri Holdings have scrapped their merger plans a few weeks after the Federal Trade Commission sued to block the deal. Tapestry shares gained 7.3% in premarket trading, while Capri fell 6%. Tapestry announced plans to acquire Capri in August 2023.

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Yahoo! Finance: CPRI News

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