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

SAPD and Zapatos, Inc. unite for the annual ‘Share the Shoes’ driveI Care San Antonio opens a new vision centerLooking to save on items for your home, road trip and wardrobe? We've got the latest Insider Deals to share!Read full article: Cozy up this fall with tabletop fire pit and more Insider DealsFILE - 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 This material may not be published, broadcast, rewritten or redistributed without permission.

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