US sues to block Coach and Michael Kors merger [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
NASDAQ:AMEX Investor Relations:
lvmh.com/investors
Company Research
Source: Yahoo! Finance
The US Federal Trade Commission (FTC) said if allowed, "the deal would eliminate direct head-to-head competition between Tapestry's and Capri's brands". Tapestry owns handbag makers including Coach and Kate Spade, while Capri's brands include Michael Kors. In response Tapestry said "the FTC fundamentally misunderstands both the marketplace and the way in which consumers shop". Together, the firms employ about 33,000 staff globally but the FTC argued the deal could reduce wages and their benefits. Coach and Kate Spade are known for what their parent firm calls "accessible luxury" handbags - quality leather and craftsmanship products at affordable prices. Tapestry offered to buy Capri in August, hoping to create a US fashion giant that could compete against bigger European rivals such as Chanel, Hermes and Louis Vuitton parent LVMH. The FTC requested more information on the deal in November. Announcing its decision to take legal action , the FTC said the deal would give T
Show less
Read more
Impact Snapshot
Event Time:
LVMUY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LVMUY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LVMUY alerts
High impacting LVMH-MOET H/L/V UNSP/ADR news events
Weekly update
A roundup of the hottest topics
LVMUY
News
- Billionaire Dassaults to Elevate Millennial Heirs to Boardroom [BNN Bloomberg (Canada)]BNN Bloomberg
- French Cognac Producers Push for Deal on China Dumping Probe [BNN Bloomberg (Canada)]BNN Bloomberg
- Puig is poised for a $15 billion IPO, but CEO Mark Puig has a ‘self-disempowerment' plan to stop his family from controlling the Spanish beauty empire [Fortune]Fortune
- Navigating the Fine Line Between Art and Luxury [The New York Times]The New York Times
- Cartier, Omega, Breitling, Audemars Piguet, and Hublot Watches Lost Value in Secondary Market, Said Chrono24 [Yahoo! Finance]Yahoo! Finance