Tapestry Inc TPR:NYSE

Last Price$27.29NYSE Previous Close - Last Trade as of 6:30PM ET 1/24/20
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$20.37 (8)
Ask (Size)$30.00 (51)
Day Low / HighN/A - N/A
Volume3.3 M

Market Chatter: VF Corp., Permira, Advent Among Bidders for Carlyle-Owned Golden Goose

5:07AM ET 11/29/2019 MT Newswires
VF Corp. (VFC), Permira and Advent are said to be among the bidders for the Italian shoe brand Golden Goose, Reuters reported Wednesday, citing sources familiar with the matter.

According to the report, Carlyle Group (CG), which owns Golden Goose, has invited several companies to bid until mid-December as part of an auction that is expected to close early next year.

VF Corp. owns brands including North Face, Eastpak and Timberland, while Permira owns Valentino and Hugo Boss.

A source said Carlyle Group is expecting to receive offers that will value Golden Goose at least 1.2 billion euros ($1.32 billion). Meanwhile, another source said PVH Corp. (PVH) and Tapestry (TPR) may also bid for the shoe brand.

PVH owns Calvin Klein and Tommy Hilfiger, while Tapestry owns Coach and Kate Spade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 29.88, Change: +0.33, Percent Change: +1.12