FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
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FTC sues to block Tapestry's acquisition of Capri
The Federal Trade Commission sued today to block Tapestry's $8.5 billion acquisition of Michael Kors' parent Capri Holdings. Why it matters:...
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Coach: US sues to block its parent merger with Michael Kors owner
The US competition watchdog has taken legal action to stop Tapestry's merger with rival Capri.
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US sues to block Tapestry’s Capri deal citing handbag market domination
The US Federal Trade Commission said on Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition. This comes at a time when several US lawmakers have sought increased scrutiny from the FTC of several multi-billion dollar deals that might risk higher prices and affect consumers. US antitrust enforcers had also come out with new merger guidelines in December, in a bid to encourage fair, open and competitive...