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Tapestry and Capri Announce a Luxury Mega Merger

NYT M&A

The two fashion conglomerates, Tapestry and Capri Holdings, generate about $12 billion in combined revenue.

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Paul Weiss Discusses Merger Guidelines Featured in FTC Handbag Case

Reynolds Holding

The FTC recently sued to block Tapestry’s proposed acquisition of Capri, alleging that the effect of the combination of the companies’ handbag brands may be to substantially lessen competition. The new guidelines, however, also state that, under Brown Shoe Co. s (Tapestry) proposed $8.5 United States , 370 U.S.