December 14, 2024

Tapestry’s stock pops and Capri falls as fashion giants scrap merger deal

 Tapestry’s stock pops and Capri falls as fashion giants scrap merger deal

Tapestry’s stock pops and Capri falls as fashion giants scrap merger deal

Tapestry Inc.’ stock jumped 6.8% early Thursday, while Capri Holdings Inc.’s stock fell about 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.