Tapestry's acquisition of Capri will put Coach, Kate Spade, Stuart Weitzman, Michael Kors, Versace and Jimmy Choo all under one roof.came under the microscope of regulators at the Federal Trade Commission — and they didn’t like what they saw.
“This deal threatens to deprive consumers of the competition for affordable handbags, while hourly workers stand to lose the benefits of higher wages and more favorable workplace conditions,” he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MGM Sues FTC To Block Probe Into 2023 Data BreachReuters reported that MGM Resorts International filed a lawsuit in federal court on Monday, hoping to block the U.S. Federal Trade Commission from investigating the fallout from a September 2023 cyberattack that allowed “criminal actors” to obtain customer data.
Source: Covers - 🏆 341. / 59 Read more »
FTC sues to block Coach parent Tapestry's acquisition of Capri HoldingsThe U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade’s parent company,…
Source: NBCDFW - 🏆 288. / 63 Read more »
FTC Warns Public About Scammers Impersonating FTC EmployeesThe Federal Trade Commission (FTC) is warning the public about scammers who are pretending to be employed by the FTC to steal money. Consumers have called the agency to report scammers who used real FTC employee names to then try to convince them to move their money to "protect it."
Source: FOX4 - 🏆 289. / 63 Read more »
FTC may try to block yet another business mergerThe FTC is reportedly planning to file suit to block a merger between luxury fashion firms Tapestry and Capri, the parent companies of several prominent brands like Versace and Coach.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Capri stock falls as NYT reports the FTC is preparing to block takeover by TapestryCapri stock falls as NYT reports the FTC is preparing to block takeover by Tapestry
Source: Investingcom - 🏆 450. / 53 Read more »
Kansas AG sues to block Biden’s student loan forgiveness planKansas Attorney General Kris Kobach filed a lawsuit blocking President Biden's $138 billion student loan forgiveness program on Thursday.
Source: FoxBusiness - 🏆 458. / 53 Read more »