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Judge blocks $8.5B merger of luxe brands Coach, Michael Kors
Coach and Michael Kors Deal Is Blocked by Judge
A federal judge blocked Tapestry from closing its acquisition of rival Capri, dealing a blow to their ambitions to create a house of brands that would include Coach, Kate Spade, Michael Kors, Versace and Jimmy Choo.
Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent Capri
A federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade Commission's motion for a preliminary injuction to block the proposed merger,
Judge blocks $8.5B merger of luxe brands Coach, Michael Kors in shock setback
The companies argued the deal was needed to fight back against European players like Gucci, which are increasingly grabbing market share.
CBS News
12m
Makers of Coach and Michael Kors handbags blocked from merger in antitrust case
Specifically, Tapestry's
Coach
and Kate Spade brands and Capri's
Michael
Kors
brand are close rivals in the
handbag
market. The FTC had said that they continuously monitor each other's ...
13h
Judge Blocks Luxury Fashion Deal, Citing Risk of Higher Handbag Prices
The F.T.C. had sued to halt the merger of Tapestry, the parent of Coach and Kate Spade, and Capri, the owner of Versace and ...
15h
fashion brand coach and michael core 12 trillion won merger failed
Tapestry, the parent company of the U.S. fashion brand Coach, failed to acquire Capri Holdings, which has Michael Kors, for ...
2d
Michael Kors is selling a stunning crossbody bag that's the 'perfect size' for under $100 — plus more deals on bags & more
Shoppers love that the Emilia Small Pebbled Leather Satchel is both cute, practical and made of quality material. They say it ...
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