Tapestry

Luxury Fashion Merger Block: FTC Sues Tapestry and Capri Holdings Over $8.5 Billion Deal – Why It Matters

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Washington D.C. – The Federal Trade Commission is taking action to block an $8.5 billion merger between luxury fashion giants Tapestry and Capri Holdings. The FTC argues that the merger would result in higher prices for consumers in the United States. Director Henry Liu of the FTC’s bureau of competition expressed concerns about the deal, stating that it could limit consumer choices for affordable handbags and impact the wages and working conditions of hourly workers. …

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**Antitrust Trouble Ahead for Tapestry! Find Out Why!**

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Washington, DC – Federal antitrust regulators are gearing up to potentially file a lawsuit to block the $8.5 billion bid by Coach parent Tapestry to acquire the owner of Michael Kors, Capri Holdings. The move comes as the proposed merger has raised concerns about potential competition issues in the luxury fashion market. According to reports, the Federal Trade Commission (FTC) is scheduled to convene next week to deliberate on the case, possibly leading to a …

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