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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