The US Federal Trade Commission is blocking Tapestry’s proposed acquisition of Capri, due primarily to concerns about market concentration in handbags. A federal judge recently declined to lift the ...
Shares of Capri Holdings, the parent company of luxury accessory brand Michael Kors, plummeted early Friday after a judge on Thursday blocked its $8.5 billion buyout from Coach-owner Tapestry.The ...
In her ruling Thursday, U.S. District Judge Jennifer Rochon noted that Tapestry Inc. and Capri Holdings are "close competitors" and that the merger would result in "the loss of head-to-head ...