FTC May Challenge Coach's Purchase Of Michael Kors, Jimmy Choo, Versace [Forbes]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: Forbes
The New York Times NYT is reporting that the Federal Trade Commission (FTC) is considering an effort to stop the acquisition by Tapestry, the owner of Coach, Kate Spade and Stuart Weitzman of Capri Holdings, the owner of Michael Kors, Versace and Jimmy Choo. The transaction was announced last summer and appears to be an attempt to create a company that can compete effectively with LVMH or Kering which own brands like Louis Vuitton, Saint Laurent, Balencia, Moet Hennessy and many other luxury brands. The potential pushback from the FTC feels like Ronald Reagan's famous aphorism about the nine worst words in the English language: “I'm from the government and I'm here to help.” Here's why: The FTC's mandate to object to mergers and acquisitions is based on consumer protection. When companies get together in a way that limits consumer choices and potentially increases prices, the FTC has a role in stopping the transaction. The consumers being protected here are luxury handbag s
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News
- Must Read: Is the Dream of 'an American LVMH' over?, How One Family Built a Legacy in the Black Hair-Care Industry [Yahoo! Finance]Yahoo! Finance
- Ricky Martin to headline LA Pride in the Park festival [Los Angeles Times (CA)]Los Angeles Times
- Is Capri Holdings Limited (NYSE:CPRI) Trading At A 41% Discount? [Yahoo! Finance]Yahoo! Finance
- What Next For Investors As Tapestry's Acquisition Of Capri Goes To Court [Seeking Alpha]Seeking Alpha
- Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails [Yahoo! Finance]Yahoo! Finance
CPRI
Earnings
- 2/8/24 - Miss
CPRI
Sec Filings
- 4/22/24 - Form 8-K
- 4/15/24 - Form 8-K
- 2/13/24 - Form SC
- CPRI's page on the SEC website