Tapestry and Capri Holdings have mutually agreed to terminate their merger, citing legal uncertainties and a February 2025 deadline.
Tapestry will focus on organic growth, supported by strong financials, agile brands, and robust cash flow.
It authorised $2 billion in share buybacks, reaffirmed its $1.40 per share annual dividend, and will redeem $6.1 billion in acquisition-related senior notes.
Tapestry will focus on organic growth, supported by strong financials, agile brands, and robust cash flow.
It authorised $2 billion in share buybacks, reaffirmed its $1.40 per share annual dividend, and will redeem $6.1 billion in acquisition-related senior notes.
