The Federal Trade Commission on Monday sued to block Tapestry’s $8.5 billion acquisition of Capri, a blockbuster fashion tie-up that would bring together Coach, Kate Spade, Michael Kors and Versace. The lawsuit is a rare move by the agency to block a fashion deal, given that the industry does not suffer from a lack of…
JetBlue Airways and Spirit Airlines announced on Monday that they would walk away from their planned $3.8 billion merger after federal antitrust regulators successfully challenged the deal in court. JetBlue said it would pay Spirit $69 million to exit the deal. A federal judge in Boston blocked the proposed merger on Jan. 16, siding with…
The PGA Tour and LIV Golf are engaging in an arms race for the future of golf, with the former getting a $3 billion injection of cash from the Strategic Sports Group this week, while the latter is content luring defectors with massive contracts. The endgame for the PGA Tour? Try to keep golf as…
