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Stock of Michael Kors owner Capri dives
With Tapestry Deal Unraveling, Michael Kors's Owner Is Left Holding the Bag
A judge has blocked Coach owner Tapestry from buying rival Capri, endorsing the Federal Trade Commission’s competition concerns. That is bad news for Capri, whose top brand Michael Kors has only deter
Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent Capri
A federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade Commission's motion for a preliminary injuction to block the proposed merger,
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.
1h
on MSN
Merger between makers of Coach and Michael Kors handbags halted by judge
A U.S. District judge has halted the merger between the makers of Coach and Michael Kors handbags, saying it would reduce ...
New York Post
7m
Michael Kors owner’s stock craters after judge blocks $8.5B merger of top US handbag makers
Capri, the parent company of fashion brands
Michael
Kors
and Jimmy Choo, saw its stock tank by more than 50% in ...
Opinion
3h
Opinion
Tapestry Should Turn to Plan Burberry After Capri Deal Blocked
The maker of Coach handbags should consider buying British after a court stymied its attempt to buy the owner of the Michael ...
14h
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 ...
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