US Court Blocks Tapestry’s $8.5 Billion Acquisition of Capri, Marking FTC Win
A US federal judge blocked Tapestry’s $8.5 billion acquisition of rival Capri on Thursday, delivering a major win for the Federal Trade Commission (FTC) and the Biden administration ahead of the November 5 presidential election. Rising consumer prices are a primary concern for voters, making this ruling a strategic victory for the administration. The FTC …
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