In August 24 Tapestry announced the intention to purchase Capri Holdings. The Federal Trade Commission is currently reviewing the case. Closing statement hence future of the two companies is expected by Sep 30^th!

Even with combined revenues approaching $8 billion, the merger won't elevate the companies beyond Tapestry's current standing. While they'll inch closer to PVH and widen the gap with Prada Group, this is far from an industry game changer.