Coach parent blocked from merging with owner of Michael Kors
A U.S. judge on Thursday blocked the disputed $8.5 billion merger between handbag and accessories makers Tapestry and Capri, a victory for the Federal Trade Commission in an industry where merger issues are rare. The FTC argued in an eight-day trial in New York that the merger would eliminate fierce direct competition between the top […]
Jason Kennedy, Bretman Rock and more hit the beach for Michael Kors’ Club Kors Miami party
Michael Kors is coming to Miami! On Tuesday night, the fashion designer club course miami Taking over local hotspot Gioia Beach, it will be open to the public from May 22nd to May 27th for a seaside party with “Vanderpump Rules” star James Kennedy as DJ. Here, see what stars like Bretman Rock and Camila […]
FTC sues to block $8.5B merger that would unite luxury brands Coach and Michael Kors
The Federal Trade Commission announced Monday that it has filed a lawsuit seeking to block Coach’s parent company Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it eliminates competition. This comes as several U.S. lawmakers are calling for increased FTC oversight of multibillion-dollar transactions that risk price gouging and could impact consumers. […]
Coach owner Tapestry to buy Versace, Michael Kors parent Capri in deal worth $8.5B
Golf influencer and Instagram star Bri Teresi has cut ties with Honey Burdette’s lingerie and explained why she’s no longer promoting the apparel on The Bottom Line. Coach’s parent company Tapestry said Thursday it would buy Capri Holdings for $8.5 billion in cash to create an American fashion house that can compete with its contemporaries […]
