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Lifestyle Luxury

Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in court

A federal judge granted the FTC's motion to block the merger between Tapestry and Capri Holdings.

By: Business Insider

Oct 26 2024
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Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in court

A display window at a Versace clothing store on Fifth Avenue in New York City.Robert Alexander/Getty Images

A judge has granted a preliminary injunction to halt the merger between Tapestry a… [+3396 chars]

Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in court

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