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 ...
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 ...
Federal Trade Commission probing John Deere over customers' 'right to repair' equipment
The FTC is probing whether Deere violated the Federal Trade Act's section 5, according to the filing. The law prohibits ...
Thoroughbred Daily News5d
Wong Files Federal Complaint Against HISA and FTC
The latest development in Jonathan Wong's ongoing case stemming from a June 2023 metformin positive saw him file a complaint ...
WGAL Lancaster-Harrisburg on MSN1d
Federal Trade Commission warns travelers about TSA PreCheck scams
The FTC says crooks are sending emails that look like they're from the TSA and they want you to follow a link that takes you to a scam website.
MediaNama28d
Federal Trade Commission takes action against AI related deceptive conduct
The Federal Trade Commission (FTC) is taking action against five entities that used artificial intelligence to deceive and harm customers, as part of its new law enforcement sweep called ...
The Hill on MSN9d
Federal Trade Commission announces rule to make it easier to cancel subscriptions
The department will soon implement a “final click to cancel rule,” a move that will require sellers to make it “as easy for ...
Forbes21d
Federal Trade Commission Sues Big 3 Pharmaceutical Benefit Managers
Background On The Lawsuit In a September 20 press release, the FTC announced a legal challenge to the practices of the “big 3” PBMs: “Today, the Federal Trade Commission brought action ...
KUTV26d
Federal Trade Commission still working on law to combat junk fees
The Federal Trade Commission (FTC) has been hearing similar complaints from across the country. The agency has received over 60,000 complaints from Americans and has been working on new ...
The Straits Times7d
‘Click to cancel’ rule: US Federal Trade Commission takes on subscription traps
WASHINGTON – The US Federal Trade Commission adopted a final rule on ... be “at least as easy to use” as the sign up process. FTC chairwoman Lina Khan said in an interview that the rule ...
Healthcare Finance News1mon
Express Scripts sues Federal Trade Commission over PBM report
Improving the Patient Financial Experience Throughout the Patient Journey While many healthcare providers believe that improving the patient financial experience is a critical step for their ...
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 ...