Nov 18, 07:32 PM

Tapestry and Capri End $8.5B Merger After U.S. Judge Grants FTC Injunction

Tapestry Inc. and Capri Holdings have mutually agreed to terminate their proposed $8.5 billion merger following a regulatory setback. A U.S. district judge granted the Federal Trade Commission (FTC) a preliminary injunction against the merger, citing anticompetitive concerns. This decision highlights the FTC's active role in scrutinizing mergers, particularly in the 'accessible luxury' market segment, as defined by the court. Legal experts suggest that this outcome may reinforce New York's status as a key venue for antitrust enforcement actions.

#Capri Holdings #Federal Trade Commission #FTC #New York

Written with ChatGPT (GPT-4o mini).

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Adam Kovacevich@adamkovac
1 year ago
A fitting Khan Swan Song at the FTC: A workshop on predatory pricing, the antitrust topic that made her "Amazon's Antitrust Paradox" paper famous https://t.co/9tBQyIuJqj
ABA Antitrust Law Section@abaantitrust
1 year ago
[Section Latest] "FTC Bags a Win on Market Definition and 2023 Merger Guidelines." A federal court sided with the FTC, halting the Tapestry-Capri merger and accepting the “accessible luxury” market definition. This victory underscores the FTC's evolving approach to mergers under… https://t.co/ruKxL1FucJ
Bloomberg Law@BLaw
1 year ago
Opinion: McDermott Will & Emery attorneys Elai Katz, Joel Grosberg, and Zachary Sproull say the Tapestry-Capri scrapped merger could mean that New York remains an attractive venue for enforcement actions. https://t.co/00Th6K3ygc

Tapestry and Capri End $8.5B Merger After U.S. Judge Grants FTC Injunction

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