Court Day: What the ruling on the Tapestry-Capri deal means for the future of fashion

2 months ago 29

Tapestry Inc.’s attempted $8.5 billion acquisition of Capri Holdings heads to a federal court trial on Monday after facing opposition. For those in the fashion industry, the outcome is set to be impactful.

Announced in August 2023, the deal, which would create one of the world’s largest luxury fashion houses, hit a regulatory roadblock in April this year as the Federal Trade Commission moved to block the merger, citing antitrust concerns. If successful, the acquisition would combine Tapestry’s brand portfolio of Coach, Kate Spade and Stuart Weitzman with Capri’s roster of Michael Kors, Versace and Jimmy Choo, creating a U.S. powerhouse in a space typically dominated by European brands. Whether the deal is blocked or approved, the implications stand to send ripples through the luxury fashion industry.

The FTC’s competition concerns

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