TPR - Traders' Doubt Loom Over Tapestry-Capri Deal Amid Regulatory Scrutiny: Report | Benzinga
Traders are reportedly doubtful about antitrust approval for Tapestry Inc’s (NYSE:TPR) $8.5 billion acquisition of rival Capri Holdings Ltd (NYSE:CPRI), despite Tapestry’s confidence in the deal.
Concerns arise from merging two major players in luxury accessories: Tapestry owns Coach, Kate Spade, Stuart Weitzman; Capri owns Michael Kors, Versace, Jimmy Choo.
If combined, they’d rank ...