Judge Halts High-Profile Merger Between Tapestry and Capri, Shaking Up the Fashion Industry
A federal judge has recently halted a significant merger in the fashion world, ruling against the proposed union of Tapestry Inc., owner of Coach and Kate Spade, and Capri Holdings Limited, known for its Michael Kors, Versace, and Jimmy Choo brands. This decision underscores growing judicial scrutiny on large corporate amalgamations, particularly in industries impacting day-to-day consumer choices. The injunction, issued from a court in New York, emerged amid concerns that the merger would significantly stifle competition in the luxury fashion sector, possibly leading to higher prices and fewer choices for consumers. The legal blockade … Read more