FTC Won Injunction
to Stop Handbag Merger of Capri
& Tapestry Now Appeal Filed
2d Circuit
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
Oct 28 – At Day 7 of the hearing
on the US Federal Trade
Commission's bid to enjoin the
merger of Tapestry and Capri
started up before U.S. District
Court for the Southern District
of New York Judge Jennifer L.
Rochon, Inner City Press was
there, from the thread here,
more on X for Subscribers here
and Substack here
OK - now in last day of FTC
v Tapestry preliminary injunction hearing,
Tapestry witness is trashing FTC expert Dr
Smith's analysis, we're on it to Judge
Rochon's decision and beyond
Now in last day of preliminary injunction
hearing, Judge Rochan asks what an acquisition
by Tapestry could do for Michael Kors brand
that Capri has been unable to do
Defense testimony continues, about how
attempts by Capri to have the Michael Kors
brand recapture "brand heat" just haven't
worked. Judge: How would acquisition by
Tapestry do for Michael Kors what Capri can't?
Witness: Great question.
Judge: I try.
On October 24,
Judge Rochon granted the FTC's
motion: "Antitrust has
come into fashion... the
Court GRANTS the FTC’s motion
to preliminarily enjoin the
merger pending the completion
of the FTC’s inhouse
administrative proceeding."
169 page order on Patreon here.
On October 28,
appeal was filed: "NOTICE OF
INTERLOCUTORY APPEAL from
[339] Memorandum &
Opinion,. Document filed by
Tapestry, Inc., Capri Holdings
Limited. Form C and Form
D are due within 14 days to
the Court of Appeals, Second
Circuit."
More on X for
Subscribers here
and Substack here
The case is
Federal Trade Commission v.
Tapestry, Inc. et al.,
1:24-cv-3109 (Rochon)
***
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