Capri Tumbles 46% After US Court Blocks $8.5 Billion Merger With Tapestry
(Reuters) -Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry , hurting the Michael Kors owner's chances of navigating challenges at the luxury brand.
A judge has blocked Coach owner Tapestry from buying rival Capri, endorsing the Federal Trade Commission’s competition ...
Judge Jennifer Rochon sided with the FTC in its allegations that Tapestry’s Coach and Kate Spade brands combined with Capri ...
FTC sued to block the deal in April, saying it would eliminate “direct head-to-head competition” between the top two US ...
A federal judge blocked Tapestry from closing its acquisition of rival Capri, dealing a blow to their ambitions to create a ...
Shares of Capri Holdings Ltd. plunged Friday morning after a federal judge on Thursday blocked the company’s planned $8.5 ...
Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, announced a plan over a year ago to acquire Capri ...
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China markets rose slightly while Japan's sagged before its Sunday elections. The biggest action was in the U.S. where Tesla ...
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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