Tapestry merger with Versace owner Capri gets EU, Japan approval

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Go back to Tapestry merger with Versace owner Capri gets EU, Japan approval

Capri stock falls as NYT reports the FTC is preparing to block takeover by Tapestry (TPR)

April 17, 2024 7:46 AM EDT

According to a report from The New York Times on Wednesday, the Federal Trade Commission (FTC) is preparing legal action to block Tapestry's (NYSE: TPR) proposed $8.5 billion acquisition of Capri Holdings Limited (NYSE: CPRI).

A potential deal would... More