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Capri, Tapestry
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.
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.
U.S. News & World Report
4h
Capri Shares Tumble 46% After US Court Blocks $8.5 Billion Merger With Tapestry
Tapestry
agreed to buy Capri last year to create a U.S. luxury giant that could compete better with larger European rivals ...
13h
Capri stock craters nearly 50% after judge blocks $8.5 billion Tapestry deal
Shares of Capri Holdings plunged after a US judge blocked its pending $8.5 billion merger with Coach-owner Tapestry.
14h
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 ...
1h
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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Capri
Federal Trade Commission
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