Greenhui, April 23 | Coach's parent company Tapestry (TPR.US) fell 2.54% to $39.285. According to the news, the US Federal Trade Commission (FTC) filed a lawsuit on Monday to block Tapestry's $8.5 billion deal to acquire Michael Kors parent company Capri, saying it would eliminate “direct head-to-head competition” between the two luxury handbag makers' flagship brands.
美股异动丨Tapestry跌2.54% FTC提起诉讼拟阻止Tapestry收购Capri的交易
US stock changes丨Tapestry falls 2.54% FTC files lawsuit to block Tapestry's acquisition of Capri
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.