Judge sides with federal regulators, blocks luxury fashion merger
The planned $8.5 billion tie-up between Tapestry and Capri Holdings would reduce competition, according to the FTC.
U.S. judge blocks merger between Tapestry and Capri, Reuters reports
A U.S. judge blocked the pending $8.5B merger of Tapestry (TPR) and Capri (CPRI) in a victory for the U.S. Federal Trade Commission, which
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 Tapestry's $8.5 billion acquisition of rival Capri
A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the U.S. Federal Trade Commission in an industry where merger challenges are rare.
Judge blocks Tapestry’s acquisition of Capri
A federal judge on Thursday blocked Tapestry Inc.’s planned acquisition of Capri Holdings on Thursday, according to reports. The deal would have combined two of the handbag industry’s biggest players.
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 $8.5 billion merger deal between US luxury groups Tapestry (NYSE:TPR) and Capri has been blocked by a US judge, in a win for federal regulators who have sued to keep the tie-up from moving forward earlier this year.
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.
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