FTC sues to block Tapestry's acquisition of Capri
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FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
The FTC argued the combination of Tapesty and Capri would hurt consumers and workers.
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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...
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US sues to block Tapestry-Capri $8.5bn merger, citing monopoly concerns
FTC lawsuit to block Coach parent from buying Michael Kors owner says deal would deprive consumers of competition.