FILE - A chain of the Coach brand, owned by parent company Tapestry, is seen, May 3, 2019, at the Citadel Outlets in Commerce, Calif. NEW YORK — Fashion company Tapestry on Thursday said 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.
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.Tapestry, Capri file notice to appeal court decision blocking their $8.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Maker of Coach handbags calls off merger with company that produces Michael Kors accessoriesFashion 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.
مصدر: ksatnews - 🏆 442. / 53 اقرأ أكثر »
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.
مصدر: NBCLA - 🏆 319. / 59 اقرأ أكثر »
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.
مصدر: CBSNews - 🏆 87. / 68 اقرأ أكثر »
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.
مصدر: nypost - 🏆 91. / 67 اقرأ أكثر »
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.
مصدر: 10News - 🏆 732. / 50 اقرأ أكثر »