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
CONFIRMED85% 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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