FTC Files Lawsuit To Block $8.5B Merger Of Coach And Versace Handbag Makers This unusual antitrust challenge against a high-end fashion merger could potentially set a new standard for luxury deal regulation, according to several antitrust lawyers. 04/23/2024 - 3:59 am | View Link
US sues to block Coach owner’s $8.5-B buyout of Versace parent The US Federal Trade Commission (FTC) said Monday it has sued to block fashion group Tapestry’s $8.5 billion deal to buy Capri, which owns luxury brands including Michael Kors and Versace. The planned ... 04/22/2024 - 8:42 pm | View Link
Coach and Versace Owners Capri, Tapestry Merger on Hold, FTC Files Lawsuit FTC has filed a lawsuit to stop a merger between Tapestry and Capri that could put labels like Coach, Michael Kors, Versace under one house. 04/22/2024 - 8:19 pm | View Link
FTC sues to block $8.5 billion merger of Coach and Michael Kors owners Proposed deal "threatens to deprive consumers of the competition for affordable handbags," federal agency says. 04/22/2024 - 11:21 am | View Link
FTC May Challenge Coach’s Purchase Of Michael Kors, Jimmy Choo, Versace The FTC has now taken upon itself the job of protecting purchasers of luxury handbags. What are they thinking? 04/18/2024 - 4:34 am | View Link
Good morning, Bay Area. News from the East Coast this morning is that WeWork said it will shed $4 billion in debt and get new financing to get out of bankruptcy without being sold to its co-founder and former CEO Adam Neumann. The revised bankruptcy deal includes up to $450 million in new funding from SoftBank, a group of senior bondholders that includes King Street Capital and Cupar Grimmond, Reuters reports.
This year's list featured a new No. 1 as suburban Southwest Washington was finally blended into the mix of Oregon's fastest-growing cities of the last five years.
The company is “working with advisers to explore strategic options and gauge buyer interest,” Bloomberg reported, citing sources familiar with the company’s thinking.
This story is available courtesy of Portland Business Journal media partner KGW-TV.
A popular plant-based Indian restaurant, The Sudra, announced on social media that it will be closing its doors after 10 years of business in Portland.
"This winter was the worst we’ve had in years," Sudra said in an Instagram post.