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Michael Kors owner’s stock craters
Michael Kors owner’s stock craters after judge blocks $8.5B merger of top US handbag makers
FTC sued to block the deal in April, saying it would eliminate “direct head-to-head competition” between the top two US handbag makers.
Michael Kors owner Capri’s shares crater after $8.5bn merger blocked
Decision is a win for antitrust regulators who argued deal with Kate Spade owner Tapestry would strangle competition
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 competition and hurt consumers. In her ruling Thursday, U.S. District Judge Jennifer Rochon noted that Tapestry Inc.
Statista
25d
Michael Kors - Statistics & Facts
In 2017,
Michael Kors
bought Jimmy Choo, and in 2019, an even a bigger deal came through: the acquisition of the Italian fashion house Versace. Shortly after,
Michael Kors
Limited changed its name ...
Opinion
2d
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 ...
1d
FTC Blocks Tapestry-Capri Merger As Tapestry Vows To Fight Saying It’s ‘Pro-Consumer’
A federal court sided with the FTC to block Tapestry acquiring Capri Holdings, in a move Tapestry claims is "incorrect on the ...
1d
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 ...
1d
12 Deals to Shop During the Michael Kors Holiday Head Start Sale — Up to 60% Off
For some reason, fall and winter call for reinvention — especially when it comes to your wardrobe. Whether you're looking for ...
2d
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 ...
Retail Dive
1d
Tapestry and Capri merger blocked in win for FTC
The owners of Coach and Michael Kors plan to appeal the decision, but experts say it’s unlikely the deal will go through.
1d
Tapestry Fashion Deal in Limbo as Capri Plunges, Arbs Take Hit
A court order freezing Tapestry Inc.’s $8.5 billion acquisition of Capri Holdings Ltd. has put the fashion deal in jeopardy, ...
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