Jennifer Rochon, a judge in the Southern District of New York, granted the Federal Trade Commission's request for a preliminary injunction to halt the merger of the two companies while the commission investigates the deal.
Rochon ruled in favor of the FTC's stance, writing in her ruling that the 'merging parties are close competitors, such that the merger would result in the loss of head-to-head competition.'
The Court thus finds that there is persuasive additional evidence of unilateral effects of the merger causing anticompetitive harm, according to Rochon.
In response to the judge's ruling, Capri released a statement saying that it - along with Tapestry - intends to file a notice of appeal to the US Court of Appeals for the Second Circuit.
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