Capri plunges after US Judge blocks $8.5B merger deal with Tapestry
Investing.com -- The Tapestry-Capri $8.5B merger deal has been blocked by a U.S. judge on Thursday concerns that the tie-up of the two luxury handbag makers could stifle competition.
The FTC argued that the merger likely will"substantially lessen competition" in the market for accessible-luxury handbag and allow the combined entity to raise prices for consumers.
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