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Michael Kors and Jimmy Choo To Join The House Of Coach and Kate Spade, But It's Not All Rosy: Analysts Weigh In

Benzinga

On Thursday, Tapestry, Inc (NYSE: TPR ) disclosed plans to acquire Capri Holdings Limited (NYSE: CPRI ) for $57.00 Tapestry comprises iconic accessories and lifestyle brands, including Coach, Kate Spade, and Stuart Weitzman. and Morgan Stanley Senior Funding, Inc. Capri consists of Versace, Jimmy Choo, and Michael Kors.

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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. On April 22, 2024, the Federal Trade Commission (FTC) initiated administrative and federal district court proceedings to block Tapestry, Inc.’s