FTC to Discuss $8.5 Billion Coach-Michael Kors Merger Next Week
Wednesday, 17 April 2024, 11:53
FTC Set to Halt Tapestry-Capri Merger, NYT Reports
The Federal Trade Commission (FTC) is gearing up to block the proposed merger of Coach parent Tapestry and Michael Kors parent Capri, as reported by the New York Times.
Key Details:
- FTC's five commissioners are due to meet next week.
- The deal in question is worth $8.5 billion.
This regulatory action underscores the potential impact on the retail and fashion industry, with potential ramifications for the companies involved.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.