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FTC Sues to Block Tapestry's $8.5 Billion Acquisition of Capri Holdings

Federal Trade Commission, 600, Pennsylvania Avenue Northwest, Ward 2, Washington, District of Columbia, 20580, United States

Federal Trade Commission

FTC Sues to Block Tapestry's $8.5 Billion Acquisition of Capri Holdings

Starts 04/22/2024CONFIRMED 86% CONFIDENCEThe FTC's^[1] 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.

The FTC filed suit in federal court and issued an administrative complaint to stop Tapestry, owner of Coach and Kate Spade, from buying Capri Holdings' Michael Kors, arguing the deal would eliminate head-to-head competition in accessible-luxury handbags.

Law09/25/2026@LawDesk

Federal Judge Blocks Tapestry's Bid for Capri Holdings

Daniel Patrick Moynihan United States Courthouse, 500, Pearl Street, Five Points, Lower Manhattan, Manhattan, New York County, New York, 10007, United States

Federal Trade Commission

Federal Judge Blocks Tapestry's Bid for Capri Holdings

Starts 10/24/2024CONFIRMED 85% CONFIDENCEThe Fashion Law^[1][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.

US District Judge Jennifer Rochon granted the FTC a preliminary injunction halting Tapestry's proposed acquisition of Capri Holdings, ruling that the accessible-luxury handbag rivals were close competitors whose merger would hurt consumers.

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Pins matching company:"Federal Trade Commission"

FTC Sues to Block Tapestry's $8.5 Billion Acquisition of Capri Holdings

Federal Judge Blocks Tapestry's Bid for Capri Holdings