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Merger of handbag makers Tapestry, Capri halted
Tapestry $8.5 Billion Capri Deal Halted by Judge in FTC Win
A federal judge blocked the planned $8.5 billion acquisition by Tapestry Inc., maker of Coach and Kate Spade handbags, of rival Capri Holdings Ltd., sending Capri shares down as much as 56% in postmarket trading.
What Next After FTC Blocks Tapestry’s $8.5B Acquisition of Capri?
The government’s court victory threatens the deal, which was set to put Michael Kors, Coach and Kate Spade under the same corporate umbrella.
Merger of handbag makers Tapestry, Capri halted as judge sides with FTC in antitrust case
A U.S. District judge has halted the merger between makers of Coach and Michael Kors handbags, saying it would reduce competition and hurt consumers.
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2m
US court blocks Tapestry's $8.5 billion acquisition of rival Capri
NEW YORK (Reuters) - A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker
Tapestry
...
15h
on MSN
Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent Capri
A federal court judge has blocked the proposed merger between Tapestry-owned Coach and Capri parent Michael Kors. The ...
2h
Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in court
A federal judge granted the FTC's motion to block the merger between Tapestry and Capri Holdings.
The Global Legal Post
6d
Accessible luxury under fire: the FTC challenges fashion mega-merger
The FTC says Tapestry’s proposed acquisition of Capri could reduce competition in the accessible luxury handbag market, write ...
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