Capri terminates Tapestry merger citing regulatory hurdles
See what's being clicked on FoxBusiness.com. The luxury fashion brand merger between Capri and Tapestry has officially been called off, the companies announced Thursday. abandon the merger This is because regulatory approval is unlikely. The proposed $8.5 billion merger was first announced in August 2023 but has faced scrutiny from the government. Federal Trade Commission […]
Federal judge blocks luxury brand merger between Tapestry and Capri
Kudrow panelists Liz Peek and Caroline Downey react to the FTC's lawsuit to block the $8.5 billion Tapestry-Capri merger. A federal judge blocked the lawsuit Thursday. Merger pending The luxury handbag and accessories maker proposed acquiring Tapestry and Capri on the grounds that it would stifle competition. The proposed $8.5 billion merger between Tapestry and […]
Capri Sun faces backlash over controversial packaging change
This is interesting news. If you were in grade school before the early 2000s, you likely remember the excitement of sticking a straw into a pouch of Capri Sun juice, a cafeteria staple that may soon be on its way out. Capri Sun is reportedly planning a controversial relaunch of its signature pouches, which will […]
LeBron James enjoys Capri getaway with wife Savannah after Olympics
LeBron James took his Olympic victory march in Capri. The Lakers superstar, 39, was photographed enjoying a vacation in Italy with his wife, Savannah, this week, just weeks after winning a gold medal with USA Team Basketball. While four-time Olympic gold medalist James wore a black tank top, printed shorts and a white bucket hat […]
Capri lifts ban on tourists after resolving problems with water supply | Italy
The Italian island of Capri has lifted its ban on tourists after problems with the popular resort’s water supply were resolved. The ban was announced early Saturday morning, forcing several morning ferries leaving from Naples and Sorrento to return to port. But on Saturday evening, the island’s mayor, Paolo Falco, said the ban had been […]