Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors owner Capri
Tapestry(TPR) CNBC·2024-10-25 04:18
In this articleA federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade Commission's motion for a preliminary injuction to block the proposed merger, which would marry America's two largest luxury houses. Tapestry's stock surged 14% after the order was made public while Capri's plunged more than 52%.This is breaking news. Please refresh for updates. ...