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Tapestry, Inc. (0LD5.L)
| Previous close | 40.25 |
| Open | 39.84 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 38.82 - 40.00 |
| 52-week range | 25.99 - 48.60 |
| Volume | |
| Avg. volume | 11,480 |
| Market cap | 116.783M |
| Beta (5Y monthly) | 1.60 |
| PE ratio (TTM) | 0.13 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Barrons.com
FTC Blocks Tapestry, Capri $8.5 Billion Merger. Stocks Dip.
Regulators argue the deal would eliminate competition in the market for less expensive luxury handbags.
- Barrons.com
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- Associated Press Finance
Federal Trade Commission sues to block Tapestry's $8.5B acquisition of Capri
The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Ltd., saying that the deal would eliminate direct head-to-head competition between the fashion companies' brands like Coach and Michael Kors in the so-called affordable luxury handbag arena. The combined Tapestry and Capri would employ roughly 33,000 people worldwide, the agency said. “With the goal to become a serial acquirer, Tapestry seeks to acquire Capri to further entrench its stronghold in the fashion industry,” said Henry Liu, director of the FTC’s bureau of competition in a statement.
