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Capri, Tapestry
FTC moves to block Tapestry’s acquisition of Capri, saying it would crimp competition for affordable handbags
The FTC said the deal would push prices higher and offer less motivation for either company to compete for workers.
FTC Sues to Block Tapestry’s $8.5B Takeover of Capri
Tapestry CEO Joanne Crevoiserat told WWD the company was ready to fight for the potentially industry-transforming acquisition.
FTC sues to block luxury fashion merger of Tapestry and Capri Holdings
Federal regulators claim the union would lead to higher prices for U.S. consumers and worsen workplace conditions for employees
11d
on MSN
FTC Sues to Block $8.5 Billion Deal Between Makers of Coach and Michael Kors
The Federal Trade Commission said the merger would give the combined firm too much power in the market for accessible luxury ...
11d
FTC sues to block $8.5bn deal between the makers of Michael Kors and Coach
The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move ...
Hosted on MSN
14h
$8.5 Billion Tapestry-Capri Merger Blocked Over Monopoly Fears
The US Federal Trade Commission has declared its decision to
sue
to block
a merger between luxury fashion brand ...
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