FTC Moves to Block Tapestry's Acquisition of Capri
April 24, 2024
April 24, 2024
WASHINGTON, April 24 -- The Federal Trade Commission issued the following news release on April 22, 2024:
* * *
$8.5 billion deal would eliminate competition between Coach, Kate Spade, and Michael Kors
* * *
The Federal Trade Commission today sued to block Tapestry, Inc.'s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors - Tapestry's Coach and Kate Spade brands and Capri's Michael Kors bra . . .
* * *
$8.5 billion deal would eliminate competition between Coach, Kate Spade, and Michael Kors
* * *
The Federal Trade Commission today sued to block Tapestry, Inc.'s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors - Tapestry's Coach and Kate Spade brands and Capri's Michael Kors bra . . .