A federal judge granted the FTC request to preliminary block the 8.5 billion dollar merger between Tapestry and Capri Holdings.

U.S. District Judge Jennifer Rochon granted the Federal Trade Commission’s request for a preliminary injunction on October 24, 2024, temporarily preventing Tapestry from completing its proposed $8.5 billion acquisition of Capri Holdings. The court agreed with the FTC’s argument that combining Tapestry’s Coach and Kate Spade brands with Capri’s Michael Kors would reduce competition in the accessible-luxury handbag market.reuters.comreuters.comUS court blocks Tapestry's $8.5 billion acquisition of rival Capricnbc.comcnbc.comTapestry Capri merger: Deal blocked between Coach, Michael Kors owners+2 more

The wording “preliminary block” is substantively accurate, although the more precise legal description is a preliminary injunction. The ruling was issued while the FTC’s broader challenge to the transaction was pending, rather than being a final merits judgment resolving every aspect of the antitrust case. Reporting published in November 2024 described the court’s decision as a preliminary-injunction victory for the FTC.economicliberties.useconomicliberties.usFTC Bags Another Merger Trial Victory, Blocking $8.5 Billion Tapestry-Capri Deal...retailtouchpoints.comretailtouchpoints.comUPDATE: Federal Judge Grants FTC Request to Block Tapestry’s Acquisition of...+1 more

The deal did not proceed. UPI reported on November 14, 2024, that Tapestry and Capri ended the merger after the FTC’s court victory. That later development adds important timing context, but it does not contradict the claim, which describes the judge’s earlier preliminary ruling.upi.comupi.comCapri and Tapestry end their $8.5 billion merger after FTC blocked it The claim is therefore supported as stated. For maximum precision, it should identify the transaction as a proposed acquisition and the court’s action as granting a preliminary injunction, rather than implying that the judge immediately issued a final, permanent prohibition.