2023-08-09 22:29:23 ET
- Tapestry Inc. ( NYSE: TPR ), owner of the Coach brand, is in talks to purchase Capri Holdings ( NYSE: CPRI ), known for brands such as Michael Kors, Jimmy Choo and Versace.
- A deal, which has been under disdussions for months, could be announced as soon as Thursay, according to a WSJ report late Wednesday, which cited people familiar.
- Tapestry ( TPR ) has a market cap of $9.6 billion, while Capri ( CPRI ) is valued at $4.1 billion.
- Capri ( CPRI ) was scheduled to report fiscal Q1 results on Tuesday, but delayed the release until Thursday without citing a reason for the change.
For further details see:
Coach owner Tapestry in talks to buy Capri Holdings - WSJ