Capri Sinks After FTC Wins Halt to $8.5 Billion Tapestry Tie-Up
Shares of Capri Holdings Ltd. plunged Friday morning after a federal judge on Thursday blocked the company’s planned $8.5 billion acquisition by Tapestry Inc., maker of Coach and Kate Spade handbags.M
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
Stock of Michael Kors owner Capri dives after judge blocks merger with Tapestry
A federal judge on Thursday blocked Tapestry Inc.’s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.
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.
US court blocks handbag maker Tapestry’s $8.5 billion acquisition of rival Capri
A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in an industry where merger challenges are rare.
Capri Stock Sinks 50% as Judge Blocks Merger With Tapestry
The Federal Trade Commission filed a suit in April seeking to block the intended deal, arguing it would curb competition in the so-called accessible luxury market.
Capri plunges after US Judge blocks $8.5B merger deal with Tapestry
The Tapestry-Capri $8.5B merger deal has been blocked by a U.S. judge on Thursday concerns that the tie-up of the two luxury handbag makers could stifle competition. Following seven days of testimony,
Lyft to Pay $2 Million to Resolve FTC Suit Over Driver Pay
Lyft Inc. agreed to pay $2.1 million to resolve a lawsuit by the US Federal Trade Commission accusing the ride-hailing ...
JD Supra3h
Legal Showdown Continues: FTC Appeals Court Ruling Against Non-Compete Ban
True to its word, the FTC has appealed the ruling. Texas District Court Blocks the Non-Compete Rule - As we previously ...
Retail TouchPoints6h
Business Groups Protest FTC’s New Click-to-Cancel Rule, Calling it ‘Arbitrary and Capricious’
A range of business groups have filed two apparently coordinated petitions to block the FTC’s new “click-to-cancel” rule.
New FTC subscription cancellation rule under fire from business groups
Trade groups for cable providers, online advertisers and other businesses sue to block an FTC rule that would make it easier ...
JD Supra3h
FTC Publishes Final Revisions to HSR Rules: A New Era of Regulatory Burden
On October 10, 2024, the Federal Trade Commission (“FTC”) released final revisions of the rules that govern filings under the ...
The FTC Is Taking On Fake Reviews, Tricky Cancellation Policies, and the Noncompete Ban
The Federal Trade Commission has faced a lot of criticism this year for its ambitious agenda taking on Wall Street and ...
FTC’s rule banning fake online reviews goes into effect
A federal rule banning fake online reviews is now in effect. The Federal Trade Commission issued the final rule in August ...
FTC report shows seniors lost billions to fraud, outlines steps to improve protections
A report from the Federal Trade Commission (FTC) finds that seniors reported losing more than $1.9 billion to fraud last year ...
Lawmakers press FTC chair for federal price gouging ban
A group of mostly Democrats pressed Federal Trade Commission (FT) Chair Lina Khan this week for more information on how a ...
Spotify4d
US’s Federal Trade Commission finalizes ‘click-to-cancel’ rule for subscription services
The US Federal Trade Commission (FTC) has approved a “click-to-cancel” rule that is expected to change how companies handle ...
JD Supra1d
Business Groups Rush to File Federal Court Challenges to the FTC’s Negative Option “Click-to-Cancel” Rule
As we previewed last week, industry and trade groups wasted no time in filing challenges against the Federal Trade Commission’s (FTC) Final ...