FTC Blocks Tapestry-Capri Merger; Tapestry Pledges to Challenge It, Calling the Decision ‘Pro-Consumer’

The recent ruling by the U.S. District Court in the Southern District of New York has blocked Tapestry’s proposed acquisition of Capri Holdings, valued at $8.5 billion, primarily based on concerns raised by the Federal Trade Commission (FTC). Judge Jennifer Rochon aligned with the FTC’s stance, citing that the merger would enable Tapestry’s brands —...