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FTC blocks Tapestry-Capri merger by end of 2024?
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FTC•Michael Kors•Capri Holdings•Coach•Tapestry•Japan•European Union•United States•New York Times•Capri
Resolution / Starting Odds
Yes • 50%
No • 50%
Official FTC announcement or reliable news sources
Story
FTC to Sue to Block Coach Owner Tapestry's $8.5 Billion Takeover of Michael Kors Owner Capri
Apr 17, 2024, 11:55 AM
The U.S. Federal Trade Commission (FTC) is preparing to file a lawsuit to block the proposed $8.5 billion acquisition of Michael Kors owner Capri Holdings by Coach owner Tapestry. This move comes despite the merger receiving approval from antitrust regulators in Japan and the European Union. The only remaining hurdle is approval from the United States. The FTC's concerns reportedly focus on the close competition between the two luxury handbag makers, as well as labor concerns. The New York Times has reported that the FTC is likely to sue to prevent the deal, which has led to a 2.4% decline in Capri's stock prices.
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Lawsuit successful • 50%
Lawsuit unsuccessful • 50%
Resolved by end of 2024 • 33%
Resolved by mid-2025 • 33%
Not resolved by mid-2025 • 34%
FTC blocks the merger • 33%
Merger proceeds with conditions • 34%
Merger proceeds without conditions • 33%
Merger Blocked Permanently • 33%
Merger Allowed with Conditions • 33%
Merger Allowed without Conditions • 33%
FTC wins • 33%
Merger proceeds with conditions • 33%
Merger proceeds without conditions • 34%
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%
Grocery merger resolved first • 50%
Tapestry-Capri merger resolved first • 50%
Expansion of product lines • 25%
Restructuring of existing brands • 25%
Acquisitions of other companies • 25%
Sale of existing brands • 25%