- Start
- Oct 24, 202490% CONFIDENCEfrom the source
Federal Judge Blocks Tapestry's Bid for Capri Holdings
- On 24 October 2024, US District Judge Jennifer Rochon granted the FTC's motion for a preliminary injunction, blocking Tapestry's proposed acquisition of Capri Holdings[1][3]
- Rochon found the FTC had 'proven that it is likely to succeed' in showing the deal would substantially lessen competition, calling Tapestry and Capri 'close competitors'[1]
- She rejected the companies' argument that handbags are nonessential purchases, saying they are 'important to many women ... to express themselves through fashion but to aid in their daily lives'[2]
- Tapestry called the ruling 'incorrect on the law and the facts' and said it would appeal; Capri's stock plunged more than 48% the next day while Tapestry's rose over 13%[1][2]
- Tapestry argued the ruling effectively killed the deal by pushing further FTC review past the merger agreement's 10 February 2025 outside date[2]
References 385% 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%thefashionlaw.com/judge-preliminarily-blocks-tapestry-capri-merger-in-win-for-the-ftcthefashionlaw.com· Posted Sep 25, 2026· Starts Oct 24, 2024 ✓· 33% of score
The Fashion Law[3] reports the ruling was issued 'Thursday' 24 October 2024 by Judge Jennifer Rochon of the US District Court for the Southern District of New York, granting the FTC's motion for a preliminary injunction.
- [2]85%Federal judge blocks luxury brand merger between Tapestry and Caprifoxbusiness.com· Added Sep 25, 2026· 33% of score
Quotes Judge Rochon rejecting the companies' defense, saying 'handbags are important to many women, not only to express themselves through fashion but to aid in their daily lives', and notes Tapestry's planned appeal.[1]
- [3]80%FTC v. Tapestry: A Case Over M&A in the Accessible Luxury Marketthefashionlaw.com· Added Sep 25, 2026· 33% of score
Timeline entry: 'October 24, 2024 - SDNY District Judge Jennifer Rochon granted the FTC's motion for a preliminary injunction, halting the merger.'[1]
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