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Market
What will be Capri Holdings' next strategic move after merger termination by end of 2025?
2
Resolution / Starting Odds
Focus on organic growth • 25%
Seek new merger/acquisition • 25%
Sell off a major brand • 25%
Other strategic move • 25%
Official announcements from Capri Holdings or major financial news outlets
Story
Capri and Tapestry Terminate $8.5 Billion Merger; Tapestry Shares Up 7.5%, Capri Down 6%
Nov 14, 2024, 12:36 PM
Capri Holdings and Tapestry have mutually agreed to terminate their proposed $8.5 billion merger following a U.S. court ruling that blocked the deal due to antitrust concerns raised by the Federal Trade Commission (FTC). The decision comes amid significant market reactions, with Tapestry's shares rising approximately 7.5% and Capri's stock declining by around 6% following the announcement. Tapestry plans to repurchase $6.1 billion in bonds that were issued to finance the now-abandoned acquisition. Capri's CEO, John Idol, stated that the company will refocus on growth for its luxury brands, which include Versace and Jimmy Choo. The termination of the merger reflects ongoing regulatory scrutiny in the luxury goods market.
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Similar markets
Appeal successful, acquisition proceeds • 25%
Appeal unsuccessful, acquisition remains blocked • 25%
Settlement reached, acquisition terms modified • 25%
Appeal withdrawn or abandoned • 25%
Increase by 10% or more • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by 10% or more • 25%
Yes • 50%
No • 50%
Tapestry market cap increases significantly • 25%
Capri Holdings market cap recovers significantly • 25%
Both companies' market caps decline • 25%
Both companies' market caps remain stable • 25%
Sell Stuart Weitzman • 25%
Acquire a new brand • 25%
Merge with another company • 25%
No major action • 25%
Merger blocked • 25%
Merger proceeds • 25%
Settlement reached • 25%
Other • 25%
Expansion in North America • 25%
Expansion in Latin America • 25%
Focus on e-commerce growth • 25%
Cost-cutting and restructuring • 25%