Tapestry-Capri Deal to Face Sept. 9 Court Hearing, Judge Rules

April 29, 2024, 8:00 PM UTC

A judge set Sept. 9 as the start date for the court hearing on the US Federal Trade Commission’s bid to block Tapestry Inc.’s attempted takeover of rival Capri Holding Ltd.

The preliminary injunction hearing will likely last a week and a half, the judge said. If the judge grants an injunction, that would prevent the companies from merging until after the FTC’s in-house court has a chance to decide the deal’s legality.

“I’m going to work to keep the case moving very quickly,” Judge Jennifer Rochon said during a hearing Monday in Manhattan federal court.

The FTC ...

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