Federal judge blocks luxury brand merger between Tapestry and Capri
A federal judge issued a ruling blocking the pending merger of luxury fashion brands Tapestry and Capri on the grounds it would undercut competition in the handbag market.
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.
Merger of handbag makers Tapestry, Capri halted as judge sides with FTC in antitrust case
A U.S. District judge has halted the merger between makers of Coach and Michael Kors handbags, saying it would reduce competition and hurt consumers
Morning Movers: Capri sinks after judge blocks planned takeover by Tapestry
Check out this morning’s top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS – Newell Brands (NWL) up
Capri tumbles 46% after US court blocks $8.5 bln merger with Tapestry
Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry TPR.N, hurting the Michael Kors owner's chances of navigating challenges at the luxury brand.
Capri Stock Tumbles After Tapestry Deal Is Blocked
A federal court 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, Michael Kors, Versace and Jimmy Choo.
Capri tumbles 46% after US court blocks $8.5 billion merger with Tapestry
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