FTC Preparing Objections to Tapestry Deal for Capri, NYT Says
by Bloomberg
Bloomberg— US regulators are moving to block fashion company Tapestry Inc.'s $8.5 billion planned takeover of Capri Holdings Ltd., the New York Times...
Axios—FTC sues to block Tapestry's acquisition of Capri. The Federal Trade Commission sued today to block Tapestry's $8.5 billion acquisition of Michael Kors' parent Capri Holdings. Why it matters:...
CNBC—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.
CNN—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...