Loading...
Market
FTC Approval of Tapestry-Capri Merger by End of 2024
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official FTC announcements or major news outlets reporting on the merger approval
Story
FTC Sues to Block $8.5 Billion Tapestry-Capri Merger, Citing Luxury Market Harm
Apr 22, 2024, 09:30 PM
The U.S. Federal Trade Commission (FTC) has initiated legal action to block Tapestry Inc.'s proposed $8.5 billion acquisition of Capri Holdings Ltd. The deal, which involves the merging of major fashion brands such as Coach, Kate Spade, Michael Kors, and Jimmy Choo, is alleged by the FTC to potentially harm competition within the luxury goods market, specifically in the 'affordable luxury' sector. Tapestry, which owns Coach and Kate Spade, aimed to acquire Capri Holdings, the parent company of Michael Kors and Jimmy Choo. The FTC's intervention highlights concerns over market concentration and the potential reduction in consumer choices.
View original story
Similar markets
Resolved by end of 2024 • 33%
Resolved by mid-2025 • 33%
Not resolved by mid-2025 • 34%
Lawsuit successful • 50%
Lawsuit unsuccessful • 50%
FTC wins • 33%
Merger proceeds with conditions • 33%
Merger proceeds without conditions • 34%
Expansion of product lines • 25%
Restructuring of existing brands • 25%
Acquisitions of other companies • 25%
Sale of existing brands • 25%
Significant drop in Capri Holdings stock • 25%
Significant drop in Tapestry Inc. stock • 25%
Increase in both stocks • 25%
Minimal impact on both stocks • 25%
Leadership change in Tapestry • 25%
Leadership change in Capri • 25%
Leadership changes in both companies • 25%
No leadership changes in either company • 25%
Grocery merger resolved first • 50%
Tapestry-Capri merger resolved first • 50%
Stocks of both companies rise • 25%
Stocks of both companies fall • 25%
Mixed response (one rises, one falls) • 25%
No significant change in stock prices • 25%