Tapestry, Capri file notice to appeal court decision blocking their $8.5 billion merger

Read full article: Tropical Development Possible in the Caribbean as we Near the Last Month of Hurricane SeasonHow would Amendment 3 be implemented if passed? It may depend on who your sheriff is, former officer says

Read full article: How would Amendment 3 be implemented if passed? It may depend on who your sheriff is, former officer saysKeep your drink cold longer with these tumblers. See more Insider Deals here.Looking to save on items for your home, road trip and wardrobe? We've got the latest Insider Deals to share!FILE - A chain of the Coach brand, owned by parent company Tapestry, is seen, May 3, 2019, at the Citadel Outlets in Commerce, Calif. – Tapestry Inc. and Capri Holdings Ltd.

Tapestry has been on an acquisition binge for the past several years, and already owns Kate Spade New York, Stuart Weitzman and Coach. Capri owns the Versace, Michael Kors and Jimmy Choo brands.threatens to eliminate the incentive for the two companies to vie for employees and could depress employees’ wages and workplace benefits. The combined Tapestry and Capri would employ roughly 33,000 people worldwide, the agency said.

Tapestry said in an emailed statement to The Associated Press on Thursday that the decision granting the FTC’s request for a preliminary injunction was “disappointing” and “incorrect on the law and the facts.” Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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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.
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Federal judge blocks luxury brand merger between Tapestry and CapriA federal judge issued a ruling blocking the pending merger of luxury fashion brands Tapestry and Capri on the grounds it would undercut competition in the handbag market.
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FTC Blocks Tapestry’s $8.5B Acquisition of CapriThe government’s court victory pauses the deal, which was set to put Michael Kors, Coach and Kate Spade under the same corporate umbrella.
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Stocks making the biggest moves midday: Tapestry, Capri, L3Harris Technologies and moreThese are the stocks posting the largest moves in midday trading.
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