FTC

Tapestry’s Bid for Capri Falls Flat: A Blow To Luxury Fashion

On Thursday, October 24, a US judge denied Tapestry’s attempt to acquire competitor Capri Holdings, citing “loss of head-to-head competition” as the reason. With the termination of Tapestry’s $8.5 billion deal to acquire Capri Holdings, the owner of Michael Kors is on its own to turn around the beleaguered brand. John D. Idol, the Company’s Chairman […]