The Federal Trade Commission (FTC) is reportedly gearing up to file a lawsuit in an attempt to prevent the proposed $8.5 billion acquisition of Capri Holdings by Tapestry Inc. This development was first reported by the New York Times Dealbook.
The potential legal action by the FTC comes as a significant hurdle for the deal, which was announced in July 2021. Capri Holdings, the parent company of luxury fashion brands such as Versace, Jimmy Choo, and Michael Kors, had agreed to be acquired by Tapestry, the owner of Coach and Kate Spade.
