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.
The $8.5 billion deal is off for now. Capri stock plunged 45 per cent following the verdict as investors grow wary.
3hon MSN
SW Retail Advisors' Stacey Widlitz discusses the broader impact of the decision by a judge to block Tapestry's takeover of ...
A federal judge on Thursday temporarily blocked luxury fashion conglomerate Tapestry from moving forward with its $8.5 ...
Versace's parent company, Capri Holdings, suffered a steep loss in after-hours trading on Thursday after a federal judge ...
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