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Kate Spade - 3 Jennifer Rochon - 3 Jimmy Choo - 3 Michael Kors - 3 Stuart Weitzman - 3 — - 2 Capri - 2 Capri's Versace - 2
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Search resuls for: "Jennifer Rochon"


4 mentions found


☆ Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in court
  + stars: | 2024-10-25 | by ( Aditi Bharade | ) www.businessinsider.com   time to read: +4 min
A judge has granted a preliminary injunction to halt the merger between Tapestry and Capri Holdings. Following the ruling, on Thursday, Capri's stock plunged 45% in after-hours trading. AdvertisementVersace's parent company, Capri Holdings, suffered a steep loss in after-hours trading on Thursday after a federal judge blocked its proposed merger with Tapestry, the parent of fashion brands Kate Spade and Coach. Following the court order, Capri's stock was down 45% in after-hours trading on Thursday. AdvertisementRepresentatives of the FTC, Capri Holdings, and Tapestry didn't respond to a request for comment from Business Insider sent outside business hours.
Persons: Versace, —, Kate Spade, Jennifer Rochon, Rochon, Capri, Capri's Versace, Jimmy Choo, Michael Kors, Stuart Weitzman, Henry Liu Organizations: Capri Holdings, Service, of, Federal Trade, FTC, Appeals, Capri, Tapestry's, Competition, New York Times, Business Insider Locations: Southern, of New York, agency's
☆ US court blocks handbag maker Tapestry’s $8.5 billion acquisition of rival Capri
  + stars: | 2024-10-24 | by ( ) edition.cnn.com   time to read: +1 min
A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in an industry where merger challenges are rare. Tapestry fought those claims, saying the deal was spurred by an intensely competitive US handbag industry and was needed to fight back against European players like Gucci, which are increasingly grabbing market share. The ruling in effect permanently blocks the proposed deal, Tapestry’s lawyers said in court documents. Those brands are: Tapestry’s Coach, Kate Spade and Stuart Weitzman; and Capri’s Versace, Jimmy Choo and Michael Kors. The ruling follows approval of the merger by regulators in Japan and the European Union earlier this year.
Persons: Tapestry, Gucci, Biden, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, Michael Kors, Jennifer Rochon Organizations: US Federal Trade Commission, FTC, Capri, European Union Locations: Capri, New York, Japan
☆ Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent Capri
  + stars: | 2024-10-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +3 min
A federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. Representatives for Tapestry and Capri didn't immediately return requests for comment. The decision will ensure that Tapestry and Capri continue to engage in head-to-head competition to the benefit of the American public." The decision comes as consumers balk at high prices for food, apparel and other goods after years of elevated inflation. Lawyers for Tapestry and Capri argued the companies are not each other's main competitors.
Persons: Jennifer Rochon, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, Capri's, didn't, Henry Liu, Biden, Kamala Harris, Lina Khan, Capri, —, Melissa Repko Organizations: Federal, Tapestry, Federal Trade Commission, FTC, Competition, Democratic Locations: Capri, New York, FTC's
☆ Pfizer defeats race-bias lawsuit over minority fellowship program
  + stars: | 2022-12-17 | by ( Nate Raymond | Thomson Reuters | Nate Raymond Reports On The Federal Judiciary | ) www.reuters.com   time to read: +2 min
Companies Pfizer Inc FollowDec 16 (Reuters) - A federal judge on Friday tossed a lawsuit by a group of medical professionals alleging a fellowship program established by Pfizer Inc (PFE.N) to improve diversity within its higher ranks discriminates against white and Asian-American applicants. Do No Harm, a group opposed to what it calls "radical, divisive, and discriminatory ideologies" in healthcare, alleged the drugmaker's Breakthrough Fellowship Program was discriminatory because only Blacks, Latinos and Native Americans could apply. Pfizer in a statement welcomed the ruling, saying it was "proud of its commitment to diversity, equity, and inclusion." Pfizer launched the fellowship in 2021. Fellows receive two years of full-time jobs, fully funded master's degrees, and employment at New York-based Pfizer after completing the program.
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