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FTC Moves To Block $8.5B Designer Fashion Deal

Law 360 M&A

billion deal for Coach and Kate Spade parent company Tapestry Inc. The Federal Trade Commission moved on Monday to block a planned $8.5 to purchase Capri Holdings Ltd., owner of designer brands Michael Kors and Jimmy Choo.

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Fashion Cos. Aim To Make FTC Define Market In Merger Suit

Law 360 M&A

Fashion companies Tapestry Inc. have asked a New York federal court to order the Federal Trade Commission to define the proposed relevant market in its suit attempting to block the companies' planned $8.5 and Capri Holdings Ltd.

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FTC's Designer Fashion Deal Challenge Gets Sept. Hearing

Law 360 M&A

A New York federal court has scheduled a September hearing for the Federal Trade Commission's request to block luxury fashion holding company Tapestry Inc.'s s planned $8.5 billion purchase of Capri Holdings Ltd., a deal that would bring together the Coach, Kate Spade and Michael Kors brands.

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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. Tapestry has secured $8.0 and Morgan Stanley Senior Funding, Inc.

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FTC Probing Coach, Jimmy Choo Parents' $8.5B Merger Plans

Law 360 M&A

Tapestry Inc., the parent company of Coach Inc. and Kate Spade, and Capri Holdings Ltd., owner of designer brands Michael Kors and Jimmy Choo, revealed in separate U.S. Securities and Exchange Commission filings on Monday that the Federal Trade Commission is probing their planned $8.5 billion merger.

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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