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 Notícia

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 442. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: NBCLA - 🏆 319. / 59 Consulte Mais informação »

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.
Fonte: CBSNews - 🏆 87. / 68 Consulte Mais informação »

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.
Fonte: nypost - 🏆 91. / 67 Consulte Mais informação »

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.
Fonte: 10News - 🏆 732. / 50 Consulte Mais informação »