Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Tapestry, the parent company of Coach, reported third-quarter revenue below Wall Street expectations, signaling a decline in demand for its handbags and accessories. Despite this, Tapestry's stock fell after an earnings beat. Concurrently, the Federal Trade Commission (FTC) is attempting to block Tapestry's proposed $8.5 billion acquisition of rival Capri, citing concerns over competition in the 'accessible luxury' market. A federal judge has allowed the FTC to use this market definition in their case, as the FTC moves to maintain competition.
The federal judge overseeing the FTC's case to block Tapestry’s $8.5 billion takeover of rival Capri will allow the antitrust enforcers to use the “accessible luxury” market https://t.co/MxEgGWrJAk
The federal judge overseeing the FTC's case to block Tapestry’s $8.5 billion takeover of rival Capri will allow the antitrust enforcers to use the “accessible luxury” market https://t.co/SvVH0t5vaa
The federal judge overseeing the FTC's case to block Tapestry’s $8.5 billion takeover of rival Capri will allow the antitrust enforcers to use the “accessible luxury” market https://t.co/pHhBjaqzzQ