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Market
Will Tapestry sell the Stuart Weitzman brand by June 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from Tapestry
Story
FTC to Block Tapestry's $8.5 Billion Capri Holdings Merger in New York Trial
Sep 9, 2024, 09:24 AM
The U.S. Federal Trade Commission (FTC) is set to urge a federal judge in New York to block Tapestry's $8.5 billion merger with rival handbag maker Capri Holdings. The trial, beginning on September 9, will focus on the FTC's argument that the merger would eliminate fierce competition in the market for 'accessible luxury.' This development comes amidst other notable activities involving Tapestry, including its potential sale of the Stuart Weitzman brand, which is predominantly part of its footwear portfolio with some handbag offerings.
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Similar markets
Yes • 50%
No • 50%
Acquisition approved • 25%
Acquisition blocked permanently • 25%
Acquisition modified and approved • 25%
Acquisition withdrawn • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
New acquisition attempt • 25%
Expansion of existing brands • 25%
Cost-cutting measures • 25%
Other strategic move • 25%
Yes • 50%
No • 50%
Merger blocked • 25%
Merger proceeds • 25%
Settlement reached • 25%
Other • 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%
