A federal judge on Thursday blocked Tapestry Inc.'s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.

Tapestry-Capri merger blocked by U.S. judge

05:14pm, Thursday, 24'th Oct 2024
CNBC's Kate Rooney joins 'Closing Bell Overtime' with breaking news on the Tapestry-Capri merger.
A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the U.S. Federal Trade Commission in an industry where merger c

Judge Blocks Tapestry Deal With Capri

04:32pm, Thursday, 24'th Oct 2024
A federal court sides with FTC, which argued that merger would raise prices for shoppers of luxury handbags
Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors owner Capri
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its second quarter fiscal 2025 financial results on Thursday, November 7, 2024, after the market cl
A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the U.S. Federal Trade Commission in an industry where merger c
Noted short-seller David Einhorn rose to prominence betting against Allied Capital, a private equity firm that offered debt and equity capital to finance leveraged buyouts, acquisitions, and corporate
Investors looking for stocks in the Retail - Apparel and Shoes sector might want to consider either Gap (GAP) or Capri Holdings (CPRI). But which of these two stocks offers value investors a better ba
The U.S. anti-trust trial over the $8.5 billion bid by luxury goods maker Tapestry to buy Capri concluded on Monday, with Tapestry lawyers citing an "intensely competitive" handbag market in defending
Fashion designer Michael Kors testified Monday about competition in the handbag industry. The Federal Trade Commission is seeking to block Tapestry's $8.5 billion acquisition of Capri, which would put
The Federal Trade Commission (FTC) has been trying to block Coach parent Tapestry's (TPR) acquisition of Michael Kors holding company Capri Holdings (CPRI). Pauline Brown, author of "Aesthetic Intelli
Coach's owner Tapestry and Michael Kors' owner Capri are in the courtroom this week for a federal antitrust challenge. The companies are trying to combine into a single company, after announcing the $
Fashion holding company Tapestry has room to raise prices and lower discounts on rival Capri's Michael Kors brand if the companies merged, a top Tapestry executive testified on Tuesday as regulators s
All eyes in the luxury market are fixed on the slowdown in China. With the notable exception of Hermès, most luxury brands are reporting declining sales there.
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