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Judge Blocks Deal to Unite Coach and Michael Kors Brands
Coach and Michael Kors Deal Is Blocked by Judge
A federal judge blocked Tapestry from closing its acquisition of rival Capri, dealing a blow to their ambitions to create a house of brands that would include Coach, Kate Spade, Michael Kors, Versace and Jimmy Choo.
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.
Judge blocks $8.5B merger of luxe brands Coach, Michael Kors in shock setback
The companies argued the deal was needed to fight back against European players like Gucci, which are increasingly grabbing market share.
6h
Capri Shares Tumble 46% After US Court Blocks $8.5 Billion Merger With Tapestry
(Reuters) - Shares of Michael Kors owner Capri slumped nearly 46% in premarket trading on Friday after a U.S. judge blocked ...
Retail Dive
5m
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.
4h
on MSN
Versace Parent Capri Stock Tumbles as Judge Blocks Merger With Coach Owner
Capri Holdings shares are plummeting nearly 50% in premarket trading Friday after a federal judge blocked Coach owner ...
7h
on MSN
Tesla shares take a break from soaring as investors punish Michael Kors-owner for court loss
China markets rose slightly while Japan's sagged before its Sunday elections. The biggest action was in the U.S. where Tesla ...
17h
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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