European Union regulators are set to make a decision on the proposed acquisition of Tapestry Inc. by Capri Holdings, the owner of Michael Kors, by mid-April. The deal, which has been under scrutiny by antitrust authorities, is currently being reviewed to determine its impact on competition within the fashion industry.
Capri Holdings, a global fashion luxury group, announced its intention to acquire Tapestry Inc. in a move that would further consolidate its position in the market. Tapestry Inc., the parent company of popular brands such as Coach and Kate Spade, would bring a diverse portfolio of products and a strong customer base to Capri Holdings.
