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Capri Sinks After FTC Wins Halt to $8.5 Billion Tapestry Tie-Up(Bloomberg) -- Shares of Capri Holdings Ltd. plunged Friday morning after a federal judge on Thursday blocked the company’s planned $8.5 billion acquisition by Tapestry ... FTC has sued to block ...
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Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in courtCapri's Versace, Jimmy Choo, and Michael Kors, along with Tapestry's Coach, Stuart Weitzman, and Kate Spade. However, in April, the FTC announced a lawsuit to block the merger. The FTC wrote in an ...
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