FTC Blocks Tapestry-Capri Merger

FTC Blocks Tapestry-Capri Merger As Tapestry Vows To Fight For The Consumer
A federal court sided with the FTC to block Tapestry acquiring Capri Holdings, in a move Tapestry claims is "incorrect on the law and the facts." It plans to appeal.
Tapestry, Capri file notice to appeal court decision blocking their $8.5 billion merger
Tapestry and Capri Holdings have filed their notice to jointly appeal the decision by a U.S. District judge to temporarily halt the merger between the makers of Coach and Michael Kors handbags, according to a court filing Monday.
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.
Federal judge blocks luxury brand merger between Tapestry and Capri
A federal judge issued a ruling blocking the pending merger of luxury fashion brands Tapestry and Capri on the grounds it would undercut competition in the handbag market.
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 Federal Trade Commission that is a likely death blow for the deal.
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
Victory for FTC: Blocked $8.5 Billion Tapestry-Capri Merger
A U.S. judge blocked the $8.5 billion merger between Tapestry and Capri, siding with the FTC. The merger was deemed anti-competitive and potentially harmful to consumer prices. This decision is significant for the Biden administration and the handbag industry,
Capri tumbles 46% after US court blocks $8.5 bln merger with Tapestry
Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry TPR.N, hurting the Michael Kors owner's chances of navigating challenges at the luxury brand.
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.
US court blocks Capri-Tapestry $8.5bn merger
Global luxury fashion group Capri Holdings’ prospective $8.5bn merger with lifestyle brand Tapestry has been stalled by Jennifer Rochon, a US district judge. The merger has been halted, citing concerns of reducing competition in the luxury handbag market,
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 ...
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FTC Wins Preliminary Injunction of "Accessible Luxury" Handbag Transaction
Earlier this year, the FTC voted unanimously (5-0) to challenge Tapestry, Inc.'s proposed $8.5 billion acquisition of Capri Holdings. According to the FTC complaint, the parties "compete on ...