TPR Stock Recent News

The Federal Trade Commission on Monday sued to block Tapestry Inc.'s TPR, -0.76% $8.5 billion acquisition of Capri Holdings CPRI, -1.48%, arguing that a deal would reduce competition and allow Tapestry to dominate the so-called “accessible luxury” handbag market. Shares of Capri were down 0.2% after hours, while Tapestry was up 0.3%.

FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings

Tapestry (TPR) boosts growth and brand loyalty through strategic marketing, digital innovation, and acquisitions, positioning itself for sustainable success in the luxury fashion market.

The $8.5 billion Tapestry acquisition of Capri Holding deal announced last August is on ice, after the NYT Dealbook broke the news the Federal Trade Commission may sue to block the agreement.

The 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.

The U.S. Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings , NYT Dealbook reported on Wednesday, citing people familiar with the matter.

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Here is how Tapestry (TPR) and Texas Roadhouse (TXRH) have performed compared to their sector so far this year.

Tapestry (TPR) showcases its adeptness and seizes opportunities for future growth by enhancing brand engagement, advancing omni-channel retailing and prioritizing product innovation.

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