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Market
How will regulatory scrutiny impact the luxury goods sector over the next year?
2
Resolution / Starting Odds
Increased scrutiny, negative impact • 25%
Increased scrutiny, no impact • 25%
Decreased scrutiny • 25%
No change in scrutiny • 25%
Analysis from major financial news outlets or industry reports
Story
Capri and Tapestry Terminate $8.5 Billion Merger; Tapestry Shares Up 7.5%, Capri Down 6%
Nov 14, 2024, 12:36 PM
Capri Holdings and Tapestry have mutually agreed to terminate their proposed $8.5 billion merger following a U.S. court ruling that blocked the deal due to antitrust concerns raised by the Federal Trade Commission (FTC). The decision comes amid significant market reactions, with Tapestry's shares rising approximately 7.5% and Capri's stock declining by around 6% following the announcement. Tapestry plans to repurchase $6.1 billion in bonds that were issued to finance the now-abandoned acquisition. Capri's CEO, John Idol, stated that the company will refocus on growth for its luxury brands, which include Versace and Jimmy Choo. The termination of the merger reflects ongoing regulatory scrutiny in the luxury goods market.
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Yes • 50%
No • 50%
Dior • 25%
Armani • 25%
Both equally • 25%
Neither • 25%
First Lady Kim Keon-hee charged • 25%
First Lady Kim Keon-hee exonerated • 25%
Investigation ongoing • 25%
Investigation dropped • 25%
Personal funds • 25%
Misappropriated aid • 25%
Gift from external party • 25%
Other sources • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
No significant change • 25%
Decrease • 25%
No significant impact • 25%
Minor operational changes • 25%
Major operational changes • 25%
Ceases operations in the EU • 25%
Fines • 25%
Further bans • 25%
Dissolution • 25%
No further action • 25%
Temu • 25%
Shein • 25%
AliExpress • 25%
All of the above • 25%
Tapestry attempts another acquisition • 25%
Capri Holdings attempts another acquisition • 25%
Another company attempts a major acquisition • 25%
No major acquisition attempts • 25%
Dior • 25%
Armani • 25%
Both equally • 25%
Neither • 25%