Capri Holdings Ltd

Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger

Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the transaction.

By Lauren Hirsch

Antitrust Laws and Competition Issues Capri Holdings Ltd Coach Inc Decisions and Verdicts Fashion and Apparel Federal Trade Commission Handbags and Purses Kate Spade & Co Khan, Lina Mergers, Acquisitions and Divestitures Shopping and Retail Suits and Litigation (Civil) Tapestry Inc Versace, Gianni, SpA

Tapestry-Capri Fashion Merger Is Blocked by Judge

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 Michael Kors.

By Lauren Hirsch and Jordyn Holman

Capri Holdings Ltd Fashion and Apparel Federal Trade Commission Luxury Goods and Services Mergers, Acquisitions and Divestitures Tapestry Inc

FTC Sues to Block $8.5 Billion Tapestry-Capri Merger

The deal between Coach’s owner, Tapestry, and the parent of Michael Kors, Capri Holdings, is intended to create a U.S. luxury group to compete with the European industry giants.

By Lauren Hirsch and Jordyn Holman

Capri Holdings Ltd Fashion and Apparel Federal Trade Commission Luxury Goods and Services Mergers, Acquisitions and Divestitures Tapestry Inc

F.T.C. Sues to Block $8.5 Billion Fashion Merger

The deal between Coach’s owner, Tapestry, and the parent of Michael Kors, Capri Holdings, is intended to create a U.S. luxury group to compete with the European industry giants.

By Lauren Hirsch and Jordyn Holman

mosaec