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Outcome of FTC lawsuit against $8.5B Tapestry-Capri merger
5
Resolution / Starting Odds
FTC wins • 33%
Merger proceeds with conditions • 33%
Merger proceeds without conditions • 34%
Official court decision or FTC press release
Story
FTC Sues to Block $24.6B Grocery and $8.5B Tapestry-Capri Mergers
Apr 23, 2024, 01:00 AM
The U.S. Federal Trade Commission (FTC) has initiated legal action to block two significant mergers in the grocery and luxury goods sectors. The FTC is suing to prevent a $24.6 billion merger between major grocery chains, citing concerns over reduced competition and potential price increases for consumers. Concurrently, the FTC is also attempting to block Tapestry's $8.5 billion acquisition of Capri Holdings, arguing that the merger would eliminate competition between luxury brands such as Coach, Kate Spade, and Michael Kors, potentially leading to higher prices in the 'affordable luxury' market. The lawsuits were filed in February.
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Similar markets
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%
Lawsuit successful • 50%
Lawsuit unsuccessful • 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%
Expansion of product lines • 25%
Restructuring of existing brands • 25%
Acquisitions of other companies • 25%
Sale of existing brands • 25%
Leadership change in Tapestry • 25%
Leadership change in Capri • 25%
Leadership changes in both companies • 25%
No leadership changes in either company • 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%
Resolved by end of 2024 • 33%
Resolved by mid-2025 • 33%
Not resolved by mid-2025 • 34%
Market Share Increase for Combined Entity • 25%
Market Share Decrease for Combined Entity • 25%
No Significant Change in Market Share • 25%
Other Competitors Gain Market Share • 25%