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Stock of Michael Kors owner Capri dives
Stock of Michael Kors owner Capri dives 45% 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.
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 reasoning behind the judge's order wasn't immediately clear but the FTC had previously argued the merger would harm consumers, raise prices and reduce employee benefits.
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.
9h
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 ...
6h
Judge Blocks Luxury Fashion Deal, Citing Risk of Higher Handbag Prices
The F.T.C. had sued to halt the merger of Tapestry, the parent of Coach and Kate Spade, and Capri, the owner of Versace and ...
6h
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 ...
9h
on MSN
Judge sides with federal regulators, blocks luxury fashion merger
A federal judge on Thursday temporarily blocked luxury fashion conglomerate Tapestry from moving forward with its $8.5 ...
2h
Tapestry issues statement on district court ruling, intends to appeal
Tapestry (TPR) issued the following statement in response to the ruling made by the U.S. District Court in the Southern District of New York ...
7h
Capri stock craters 46% 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.
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Michael Kors
Federal Trade Commission
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