The antitrust regulator says Tapestry’s purchase of Capri Holdings hurts competition among affordable luxury handbag sellers; Companies vow to defend merger.
The Federal Trade Commission is suing to block Tapestry's $8.5 billion acquisition of Capri Holdings, saying the deal would harm consumers by reducing competition and raising prices in the affordable luxury sector.Monday's federal court filing by the FTC challenges the proposed deal that would have one company controlling six fashion brands: Tapestry's Coach, Kate Spade and Stuart Weitzman and Capri's Michael Kors, Versace and Jimmy Choo.The acquisition could have a negative impact on the...
The U.K.’s biggest sportswear retailer JD Sports is to buy Alabama-based athletic fashion retailer Hibbett Inc. for about $1.08 billion, the companies said.
The US Federal Trade Commission sued to stop Tapestry Inc.'s $8.5 billion
The US Federal Trade Commission sued to stop Tapestry Inc.'s $8.5 billion
The US Federal Trade Commission sued to stop Tapestry Inc.'s $8.5 billion
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...
JD Sports Fashion has proposed to buy American athletic fashion retailer
Caitlin Clark will still be paid like a star. Fans were stunned to learn how small Clark’s first WNBA contract will be. The recent No. 1 pick of the Indiana Fever will only make $76,535 for h
The Federal Trade Commission sued today to block Tapestry's $8.5 billion
This weekend, shop exclusive deals for My Best Buy members
The Federal Trade Commission (FTC) has banned almost all noncompete employment agreements that prohibit workers from switching to competing businesses or starting one of their own.