On October 24, 2024, the US District Court for the Southern District of New York granted the Federal Trade Commission’s (FTC) request for a preliminary injunction of a proposed merger between fashion companies Tapestry, Inc. and Capri Holdings Limited. The court found that an accessible-luxury handbag market exists, and that the FTC has a sufficient likelihood of success in demonstrating that the merger would substantially lessen competition in that market.
Source link
Key Findings: SDNY Grants Preliminary Injunction Blocking Tapestry/Capri Merger
