FTC Moves to Block Tapestry’s Acquisition of Capri

News Competition English Sanctions & Fines

Date: 22nd Apr, 2024 Source: Federal Trade Commission Country: USA Original Source

Brief

Summary

The Federal Trade Commission (FTC) has filed an administrative complaint to block Tapestry, Inc.'s proposed $8.5 billion acquisition of Capri Holdings Limited, citing concerns that the deal would eliminate competition and lead to higher prices for consumers. The combined entity would dominate the "accessible luxury"" handbag market

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FTC Moves to Block Tapestry’s Acquisition of Capri

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FTC Moves to Block Tapestry’s Acquisition of Capri

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