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Tapestry-Capri deal faces FTC hurdle

The trade authorities in the US have blocked Tapestry’s proposed takeover of Capri Holdings. Tapestry, whose brands are Coach, Stuart Weitzman and Kate Spade, announced in August 2023 that it wanted to acquire Capri Holdings, whose brands are are Versace, Michael Kors and Jimmy Choo. The groups agreed a price of $8.5 billion for the deal...

16 April 2024

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