Capri Holdings (NYSE:CPRI), which agreed to an $8.5 billion sale to Tapestry (TPR), jumped 7.4% after Tapestry filed its defense to the Federal Trade Commission's lawsuit to block the planned deal.
Tapestry has issued the debt needed to finance the deal and appears to be eager to close it despite Capri’s weakening results. The acquisition has been blocked by the FTC on antitrust grounds ...
Tapestry’s planned acquisition of Capri has been blocked by the FTC. The firms are challenging this decision in court. Capri’s results have worsened since the deal was announced more than one ...
Luxury brand powerhouses Tapestry and Capri Holdings plan to oppose the Federal Trade Commission (FTC) lawsuit that seeks to scuttle an acquisition deal valued at $8.5 billion. The purchase would ...
Kors kicked off the week of testimony in the antitrust trial in Manhattan as a Federal Trade Commission lawsuit seeks to block Tapestry’s $8.5 billion acquisition of Capri. The deal ...
Coach's owner Tapestry and Michael Kors' owner Capri are in the courtroom this ... $8.5 million acquisition last year. The FTC sued to block the deal in April, saying it will lead to higher ...
Yale professor Fiona Scott Morton offers a critical take on the reasoning behind the FTC ... block the $8.5 billion deal. Tapestry's brands include Coach, Kate Spade and Stuart Weitzman while ...
The FTC reached out ... grocery chain Kroger's <KR.N> proposed $25 billion acquisition of Albertsons, and fashion company Tapestry's $8.5 billion deal to buy Capri . In a statement last week ...
The FTC antitrust hearing over the proposed $24.6B mergers of Kroger and Albertsons is nearing an end. Here's a recap of each ... as part of Albertsons deal FTC sues to block Kroger acquisition ...
The Federal Trade Commission (FTC) on Monday kicked off a trial amid its push to block Kroger's $25 billion merger with Albertsons by alleging the deal would undermine competition in the grocery ...
The Federal Trade Commission is seeking to block Tapestry's $ ... Attorneys for Tapestry and Capri, on the other hand, have questioned the FTC's depictions of a consolidated handbag market.