( ) -q-25- UNDATED (Correspondent Jeremy House) “and workplace benefits.” The Federal Trade Commission has sued to block Tapestry’s $8.5 billion acquisition of Capri Holdings. [CutID: <Cuts> FTC-TAPESTRY-CAPRI-house-q-TUEam.mp3 Time: 25s Title: FTC-TAPESTRY-CAPRI-house-q-TUEam Out-cue: and workplace benefits] TAG: Correspondent Jeremy House reporting. The FTC says the combined Tapestry and Capri would employ roughly 33,000 people worldwide. […]
Audio
Federal Trade Commission sues to block Tapestry’s $8.5B acquisition of Capri
( ) -q-25- UNDATED (Correspondent Jeremy House) “and workplace benefits.”
The Federal Trade Commission has sued to block Tapestry’s $8.5 billion acquisition of Capri Holdings.
[CutID: <Cuts> FTC-TAPESTRY-CAPRI-house-q-TUEam.mp3
Time: 25s
Title: FTC-TAPESTRY-CAPRI-house-q-TUEam
Out-cue: and workplace benefits]
TAG: Correspondent Jeremy House reporting. The FTC says the combined Tapestry and Capri would employ roughly 33,000 people worldwide.
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VERBATIM: The FTC says the deal would eliminate direct head-to-head competition between the fashion companies’ brands like Coach and Michael Kors in the so-called affordable luxury handbag arena. The agency adds the deal, announced in August 2023, also threatens to eliminate the incentive for the two companies to compete for employees. It also could depress employees’ wages and workplace benefits.