Financial Times on Nostr: The FTC’s fight to stop an $8.5bn American fashion takeover ========== The FTC is ...
The FTC’s fight to stop an $8.5bn American fashion takeover
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The FTC is attempting to block Tapestry's $8.5bn acquisition of Capri, which owns Michael Kors, Versace, and Jimmy Choo; the trial is taking place in Manhattan; Michael Kors testified about brand evolution and 'brand fatigue'; the merger is seen as a significant antitrust case in the fashion industry; the deal has been stalled for five months since the FTC's lawsuit; implications could affect global fashion houses and serial acquisitions similar to LVMH and Kering.
#Ftc #Tapestry #MichaelKors #Capri #Merger #Antitrust #Fashion #Trial #Acquisition #Brands
https://www.ft.com/content/890a6c9c-1b09-4554-ade5-653037f3558d
==========
The FTC is attempting to block Tapestry's $8.5bn acquisition of Capri, which owns Michael Kors, Versace, and Jimmy Choo; the trial is taking place in Manhattan; Michael Kors testified about brand evolution and 'brand fatigue'; the merger is seen as a significant antitrust case in the fashion industry; the deal has been stalled for five months since the FTC's lawsuit; implications could affect global fashion houses and serial acquisitions similar to LVMH and Kering.
#Ftc #Tapestry #MichaelKors #Capri #Merger #Antitrust #Fashion #Trial #Acquisition #Brands
https://www.ft.com/content/890a6c9c-1b09-4554-ade5-653037f3558d