finance.yahoo.com (nprofile…pkyy)
https://media.zenfs.com/en/reuters-finance.com/fa242f4ecec9d4c7f678631983022171
https://finance.yahoo.com/news/coach-parent-tapestry-terminates-8-115150076.html
finance.yahoo.com / Yahoo! Finance
npub1va…rwc3n
2024-11-14 12:46:48
Author Public Key
npub1vap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aessgrwc3nPublished at
2024-11-14 12:46:48Event JSON
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"Tapestry's bid to create a US luxury giant by acquiring Capri, the owner of Michael Kors, has been blocked by a US judge. The deal would have brought six brands under one roof, but regulators sued to block it, citing concerns over consumer prices. The US Federal Trade Commission (FTC) argued that the deal would eliminate direct head-to-head competition between the top two US handbag makers, allowing the combined company to unfairly raise prices on everyday consumers. The companies have agreed to end the merger agreement, with Tapestry agreeing to reimburse Capri's expenses incurred in connection with the transaction."
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