FTC Moves to Block Tapestry’s Acquisition of Capri

$8.5 billion deal would eliminate competition between Coach, Kate Spade, and Michael Kors

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-moves-block-tapestrys-acquisition-caprihttps://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-moves-block-tapestrys-acquisition-capri
Retrieved on: 
Tuesday, April 23, 2024
Information
Tags: 
Tapestry, Kate Spade, Social media, Blog, News, Acquisition, Shoe, Commission, Complaint, Competition, Marketing, Hearing, Advertising, Federal Trade Commission, FTC, Retail
Summary
Key Points: 
  • $8.5 billion deal would eliminate competition between Coach, Kate Spade, and Michael Kors
    The Federal Trade Commission today sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand.
  • If allowed, the deal would eliminate direct head-to-head competition between Tapestry’s and Capri’s brands.View Press Release
Copyright: 
2024 FTC. All Rights Reserved.