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EU Regulators to Decide on Tapestry Deal for Michael Kors Owner by Mid-April

EU Regulators to Decide on Tapestry Deal for Michael Kors Owner by Mid-April

EU antitrust regulators will decide by April 15 whether to clear Coach parent Tapestry’s $8.5 billion acquisition of Michael Kors owner Capri Holdings, according to a European Commission filing.

Tapestry sought EU approval on Wednesday for the deal that would create an American fashion powerhouse to challenge larger European rivals such as Paris-listed LVMH for a bigger share of the global luxury market.

The European Union’s competition…


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Spring Budget Leaves Labour Facing Squeeze On Manifesto Plans

Spring Budget Leaves Labour Facing Squeeze On Manifesto Plans

'Haiti will go hungry soon' as looting sparks food shortage crisis and society 'plunges into chaos' – with experts warning 'the country is falling apart' as 'Barbecue' gang leader's thugs take control