- Start
- Apr 22, 202490% CONFIDENCEfrom the source
FTC Sues to Block Tapestry's $8.5 Billion Acquisition of Capri Holdings
- The FTC sued on 22 April 2024 to block Tapestry's proposed $8.5 billion acquisition of Capri Holdings, filing in the Southern District of New York and issuing a parallel administrative complaint[1][2]
- The agency said combining Tapestry's Coach and Kate Spade with Capri's Michael Kors would 'eliminate direct head-to-head competition' in the 'accessible luxury' handbag market[1]
- A combined company would employ roughly 33,000 people worldwide, the FTC said[1]
- Henry Liu, Director of the FTC's Bureau of Competition, said Tapestry's 'goal to become a serial acquirer' would let it 'further entrench its stronghold in the fashion industry'[1]
- The deal, announced in August 2023, would also have brought Versace and Jimmy Choo under the same roof as Coach and Kate Spade[3]
References 386% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%ftc.gov/news-events/news/press-releases/2024/04/ftc-moves-block-tapestrys-acquisition-capriftc.gov· Posted Sep 25, 2026· Starts Apr 22, 2024 ✓· 49% of score
The FTC's press release states 'The Federal Trade Commission today sued to block Tapestry, Inc.'s $8.5 billion acquisition of Capri Holdings Limited'; CNBC's[3] contemporaneous report is timestamped April 22, 2024.
- [2]82%FTC v. Tapestry: A Case Over M&A in the Accessible Luxury Marketthefashionlaw.com· Added Sep 25, 2026· 49% of score
Timeline entry: 'April 22, 2024 - The FTC[1] filed its complaint in the U.S. District Court for the Southern District of New York (SDNY) and issued an administrative complaint'.
- [3]85%FTC sues to block Coach parent Tapestry's acquisition of Capri Holdingscnbc.com· Published Apr 22, 2024· 2% of score
Confirms the April 22, 2024 filing date and that the deal would combine Coach, Kate Spade and Stuart Weitzman with Versace, Jimmy Choo and Michael Kors.[1]
Suggest a correction
Something missing or wrong? Say it in your own words: a link that backs this pin up, a different start or end date and why, or a fact it lacks or gets wrong. The AI checks it against this pin's sources, searches for better ones, and adds any page that backs you up. The pin's own sources still count most.
Amazon
