Michael Kors owner's stock craters after judge blocks $8.5B merger of top US handbag makers

Capri, the parent company of fashion brands Michael Kors and Jimmy Choo, saw its stock tank by more than 50% in pre-market trading on Friday after

Should the deal fall through, “Capri could potentially seek another suitor” as it grapples with execution missteps at Michael Kors, said Dana Telsey of Telsey Advisory Group. The FTC under its chair, Lina Khan, has been aggressive in blocking mergers and enforcing antitrust laws — drawing criticism from business advocates.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

FTC seeks to block Kate Spade, Michael Kors mergerThe FTC may block a planned merger between the luxury brands.
La source: ABC - 🏆 471. / 51 Lire la suite »

FTC seeks to block Kate Spade, Michael Kors mergerThe Federal Trade Commission is asking a federal judge in New York to block the $8.5 billion merger of Tapestry, the company behind Coach, Kate Spade, and Capri, which controls Michael Kors.
La source: 6abc - 🏆 250. / 63 Lire la suite »

Judge sides with FTC, blocking Kate Spade and Michael Kors mergerMichael Kors testified the merger would have revitalized his brand.
La source: ABC - 🏆 471. / 51 Lire la suite »

Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent CapriThe owners of Coach and Michael Kors, Tapestry and Capri, saw their proposed merger blocked after the FTC sued to stop the deal.
La source: NBCLA - 🏆 319. / 59 Lire la suite »