Tapestry-Capri merger blocked by judge in FTC antitrust case

A judge ruled in favor of the Federal Trade Commission’s (FTC) antitrust case against Tapestry (TPR) and Capri Holdings (CPRI), blocking the merger of the two luxury fashion brands. Capri shares have plummeted by over 50% in Thursday’s extended-hours trading.

Julie Hyman and Josh Lipton break down this news on Market Domination Overtime. Tapestry is the parent company of brands Coach and Kate Spade, while Capri owns Michael Kors and Versace.

Former LVMH North America (MC.PA) chair Pauline Brown sat down with Yahoo Finance in September to discuss the FTC’s arguments in its case against the two fashion giants.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Luke Carberry Mogan.