FTC Could Scuttle Tapestry-Capri Merger, Killing Its Ability To Compete In The Luxury Market
Capri (CPRI) Forbes·2024-04-18 22:37
Tapestry's Coach brand (Photo by Eduardo MunozAlvarez / VIEWpress via Getty Images)Corbis via Getty ImagesThe $8.5 billion Tapestry acquisition of Capri Holding deal announced last August is on ice, after the NYT Dealbook broke the news the Federal Trade Commission may sue to block the agreement.FTC commissioners will meet next week to take up the case, as they consider whether the acquisition could be in violation of anti-trust regulations. On a side note, the European Union and Japan have approved the acq ...