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Market
Who will attempt the next major acquisition in the accessible luxury handbag market by the end of 2025?
3
US•Federal Trade Commission•FTC•Tapestry•Coach•Kate Spade•Capri Holdings•Michael Kors•Versace•Jimmy Choo•Capri
Resolution / Starting Odds
Tapestry attempts another acquisition • 25%
Capri Holdings attempts another acquisition • 25%
Another company attempts a major acquisition • 25%
No major acquisition attempts • 25%
Official announcements or press releases from involved companies
Story
Judge Blocks Tapestry's $8.5B Capri Acquisition in FTC Win; Capri Shares Sink 54%
Oct 24, 2024, 08:35 PM
A US federal judge has blocked Tapestry Inc.'s proposed $8.5 billion acquisition of Capri Holdings Ltd., siding with the Federal Trade Commission (FTC) over competition concerns in the accessible luxury handbag market. The court granted the FTC's preliminary injunction, finding that 'accessible-luxury handbags are distinct from mass market and true luxury.' The merger would have combined Tapestry, owner of Coach and Kate Spade, with Capri Holdings, parent company of Michael Kors, Versace, and Jimmy Choo. Following the decision, Capri's shares plunged 54% in after-hours trading, while Tapestry's shares rose 14%. Capri Holdings has filed a notice of appeal in response to the ruling.
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Similar markets
Less than 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
More than 20% • 25%
Less than 8% • 25%
8% to 10% • 25%
10% to 12% • 25%
More than 12% • 25%
Personal funds • 25%
Misappropriated aid • 25%
Gift from external party • 25%
Other sources • 25%
Sell Stuart Weitzman • 25%
Acquire a new brand • 25%
Merge with another company • 25%
No major action • 25%
Focus on organic growth • 25%
Seek new merger/acquisition • 25%
Sell off a major brand • 25%
Other strategic move • 25%
Yes • 50%
No • 50%
Ulta Beauty • 25%
Estée Lauder • 25%
Coty Inc. • 25%
Other • 25%
Saks Parent Company • 25%
Amazon • 25%
Salesforce • 25%
Other • 25%
Retail Opportunity Investments Corp. • 25%
Another US-based retail company • 25%
A non-US-based retail company • 25%
No major acquisition • 25%
Dior • 25%
Armani • 25%
Both equally • 25%
Neither • 25%
Expansion into new markets • 25%
Launch of new product line • 25%
Cost-cutting measures • 25%
Other strategic move • 25%