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 billion merger of Capri Holdings, siding with antitrust regulators in arguing that the tie-up would lead to higher prices for consumers.
U.S. judge blocks merger between Tapestry and Capri, Reuters reports
A U.S. judge blocked the pending $8.5B merger of Tapestry (TPR) and Capri (CPRI) in a victory for the U.S. Federal Trade Commission, which
Judge blocks Tapestry’s acquisition of Capri
A federal judge on Thursday blocked Tapestry Inc.’s planned acquisition of Capri Holdings on Thursday, according to reports. The deal would have combined two of the handbag industry’s biggest players.
US court blocks Tapestry's $8.5 billion acquisition of rival Capri
A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the U.S. Federal Trade Commission in an industry where merger challenges are rare.
Capri's Proposed $8.5 Billion Acquisition by Tapestry Blocked by Federal Court
Capri (CPRI) shares plunged early Friday following a court ruling that temporarily blocked the luxury fashion company's proposed acquisition by Coach and Kate Spade owner Tapestry (TPR). The US District Court for the Southern District of New York on Thursday approved the Federal Trade Commission's motion for a preliminary injunction against the deal amid concerns it would reduce competition in the market for "accessible luxury" handbags
Capri Holdings tumbles after judge blocks $8.5B sale to Tapestry
Capri (CPRI) faces a setback as a federal judge blocks its sale to Tapestry (TPR), causing a 33% drop in after hours trading.
What Luxury Slowdown? Hermes Sales Rise 11% in Q3
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Sales of French handbag maker Hermès are surging — even as its luxury rivals struggle
French fashion brand has seen its sales outpace of those of its struggling rivals including LVMH and Gucci parent company ...
Why The Drop In Luxury Goods Sales Could Be An Ominous Sign
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Julianne Moore, Kate Moss, Natasha Lyonne and More Are Selling Their Luxury Clothes on The RealReal in Environmental Fundraiser
You can now shop the luxury closets of your favorite trend-setting celebs, from Kate Moss to Julianne Moore, in a new closet ...
Luxury retail brands make unusual moves to get back to business
Despite many luxury companies experiencing an all-time low, some brands are prevailing by adopting unexpected strategies.
Hermès isn't just surviving the luxury slump — it's thriving
Hermès reported sales of $4 billion in its third-quarter earnings Thursday. It comes as luxury industry peers LVMH and Kering ...
Brunello Cucinelli Backs Growth Targets as Sales Defy Luxury Slowdown
The fashion concern said its performance improved in both its retail and wholesale channels, with increased revenue across ...
Louis Vuitton owner LVMH sales slump on weak China demand, shaking luxury sector
The world’s largest luxury group saw its shares tumble as much as 7.5% Wednesday morning to a two-year low before ticking ...
Luxury fashion department store Harrolds enters liquidation after 39 years
An Australian luxury fashion retailer has entered liquidation after 39 years. Harrolds — founded in 1985 — ceased trading ...
How Two Sisters From Texas Bootstrapped A Luxury Cowboy Boot Brand, Miron Crosby
Sisters Lizzie Means Duplantis and Sarah Means found white space in the market for fashion-forward luxury cowboy boots, ...
Long careers in luxury fashion led to a $17M raise for this supply chain platform
The retail sector needs inventory planning to maintain margins and meet demand. This is getting harder because there are now ...