FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
by CNBC
CNBC— The FTC argued the combination of Tapesty and Capri would hurt consumers and workers.
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:...
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...
BBC News—Coach: US sues to block its parent merger with Michael Kors owner. The US competition watchdog has taken legal action to stop Tapestry's merger with rival Capri.