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Traders’ Doubt Loom Over Tapestry-Capri Deal Amid Regulatory Scrutiny: Report

Doubts cloud Tapestry Inc's (NYSE:TPR) $8.5 billion merger with Capri Holdings Ltd (NYSE:CPRI), as traders question antitrust approval despite CEO's optimism. Luxury giants Coach, Kate Spade, and Michael Kors are at stake in the deal, attracting regulatory scrutiny. Capri's stock drop of 11% signals market skepticism, contrasting Tapestry's $57-per-share bid.

CPRI