News Formal

Maker of Coach handbags calls off merger with company that produces Michael Kors accessories

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 23 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Business Berita

Lifestyle

Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to overcome an antitrust challenge within an acceptable time frame.

Read full article: Drive-by suspect on the run after shooting 16 times into North Side home, SAPD says‘Nothing’s been easy’: Sole San Antonio Michelin Star recipient, fellow winners reflect on recognitionRead full article: List: Best restaurants in Texas, according to the Michelin GuideTimeline details Brad Simpson’s whereabouts before and after wife Suzanne Simpson disappearedFILE - A chain of the Coach brand, owned by parent company Tapestry, is seen, May 3, 2019, at the Citadel Outlets in...

The FTC also alleged that the deal threatened to eliminate the incentive for the two companies to vie for employees and could depress wages and workplace benefits. The combined Tapestry and Capri would have employed roughly 33,000 people worldwide, the agency said.to jointly appeal the decision, but Tapestry said Thursday the outcome of the legal process is “uncertain and unlikely to be resolved by the February 10, 2025 outside date.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 442. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: NBCLA - 🏆 319. / 59 Baca lebih lajut »

Makers of Coach and Michael Kors handbags blocked from merger in antitrust caseMerger between luxury handbag makers would reduce competition and hurt consumers, U.S. District judge says.
Sumber: CBSNews - 🏆 87. / 68 Baca lebih lajut »

Judge blocks $8.5B merger of luxe brands Coach, Michael Kors in shock setbackThe companies argued the deal was needed to fight back against European players like Gucci, which are increasingly grabbing market share.
Sumber: nypost - 🏆 91. / 67 Baca lebih lajut »

Merger of Coach and Michael Kors handbag makers halted in FTC antitrust caseThe judge ruled the merger would result in 'the loss of head-to-head competition' and raise prices for shoppers.
Sumber: 10News - 🏆 732. / 50 Baca lebih lajut »