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What will be Tapestry's next major strategic move by June 30, 2025?
2
Capri Holdings Limited•Federal Trade Commission•Lina Khan•FTC•Tapestry•Coach•Capri•Michael Kors•Versace•Jimmy Choo
Resolution / Starting Odds
New acquisition attempt • 25%
Expansion of existing brands • 25%
Cost-cutting measures • 25%
Other strategic move • 25%
Company press releases and financial news reports
Story
Judge Blocks Coach Owner Tapestry's $8.5 Billion Purchase of Capri, Michael Kors Parent
Oct 24, 2024, 08:16 PM
A federal judge has blocked Tapestry Inc.'s planned $8.5 billion acquisition of Capri Holdings Limited, marking a significant victory for the Federal Trade Commission and its Chair Lina Khan in their efforts to prevent consolidation in the luxury goods market. The court granted the FTC's preliminary injunction, agreeing with the argument that 'accessible-luxury handbags are distinct from mass market and true luxury,' and that the merger would reduce competition in this specific segment. Tapestry, owner of Coach, and Capri, which owns Michael Kors, Versace, and Jimmy Choo, had aimed to combine their brands. Following the ruling, Capri's shares plunged 51% in after-hours trading, while Tapestry's shares rose 14%.
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Similar markets
Sell Stuart Weitzman • 25%
Acquire a new brand • 25%
Merge with another company • 25%
No major action • 25%
Tapestry market cap increases significantly • 25%
Capri Holdings market cap recovers significantly • 25%
Both companies' market caps decline • 25%
Both companies' market caps remain stable • 25%
Yes • 50%
No • 50%
New Partnership • 25%
New Product Launch • 25%
Leadership Change • 25%
No Major Move • 25%
Focus on direct sales • 25%
Expand retail presence • 25%
Diversify product line • 25%
Other • 25%
Yes • 50%
No • 50%
Expansion in North America • 25%
Expansion in Latin America • 25%
Focus on e-commerce growth • 25%
Cost-cutting and restructuring • 25%
Increase in luxury offerings • 25%
Expansion of private label brands • 25%
Focus on sustainability initiatives • 25%
Diversification into new product categories • 25%
Expansion into new markets • 25%
Launch of new product line • 25%
Cost-cutting measures • 25%
Other strategic move • 25%
Merger blocked • 25%
Merger proceeds • 25%
Settlement reached • 25%
Other • 25%