A federal judge issued a ruling blocking the pending merger of luxury fashion brands Tapestry and Capri on the grounds it would undercut competition in the handbag market.
The U.S. District Court in the Southern District of New York just blocked the acquisition of Capri Holdings by Tapestry in a suit brought by the Federal Trade Commission (FTC) against the $8.5 billion
FTC sued to block the deal in April, saying it would eliminate "direct head-to-head competition" between the top two US handbag makers.
Capri Holdings' stock has plummeted nearly 50% in post-market trading after Tapestry's proposed acquisition with Tapestry was blocked. Capri has struggled for the past 2 years, largely due to manageme
U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 0.3% on Friday.
William Kovacic, former FTC Commissioner, joins 'Squawk Box' to discuss news of a federal court judge blocking the proposed merger between Tapestry-owned Coach and Capri parent Michael Kors, what's ne
Capri Holdings (CPRI) shares are plummeting nearly 50% in premarket trading Friday after a federal judge blocked Coach owner Tapestry's (TPR) $8.5 billion acquisition of the Versace and Michael Kors
Shares of Michael Kors parent Capri unraveled early Friday after a judge blocked its $8.5 billion merger with Coach owner Tapestry.
SW Retail Advisors' Stacey Widlitz discusses the broader impact of the decision by a judge to block Tapestry's takeover of Capri Holdings, the struggles in the luxury retail market, and two names that
Shares of Michael Kors owner Capri slumped nearly 46% in premarket trading on Friday after a U.S. judge blocked its pending $8.5 billion merger with handbag maker Tapestry.
A US judge has temporarily halted an $8.5 billion merger betweenTapestry Inc (NYSE:TPR) and Capri, blocking the combination of major fashion brands such as Michael Kors, Kate Spade, and Coach. Judge
LONDON--(BUSINESS WIRE)--Headline of release should read: Capri Holdings Intends to File Notice of Appeal (instead of Capri Holdings Files Notice of Appeal). The updated release reads: CAPRI HOLDINGS

Capri Holdings Files Notice of Appeal

06:03pm, Thursday, 24'th Oct 2024
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today reported that, consistent with the requirements of the merger agreement, it intends to jointly file wi
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, kate spade new york, and Stuart Weitzman, today issued the following stat
Stacey Widlitz, president and founder of SW Retail Advisors, reacts to a federal judge blocking the planned $8.5 billion acquisition by Tapestry, maker of Coach and Kate Spade handbags, of rival Capri
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