Capri Holdings Limited

New York, USA

Capri Holdings is a global luxury fashion group that markets, distributes, and retails upscale accessories and apparel. It is known for its portfolio of iconic brands including Michael Kors, Versace, and Jimmy Choo.

CCI Score

-23.98

0.01% April 18

Latest Event

FTC Legal Challenge Overmerger Raises Labor and Market Fairness Concerns

Capri Holdings is embroiled in a legal dispute regarding its merger with Tapestry, with the FTC arguing that the consolidation could harm consumer competition and worker protections. The case, highlighting issues around labor agency power and antitrust scrutiny, invites questions on the firm's commitment to ethical business practices and fair labor standards.

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ACCOMPLICE

Capri Holdings Limited is currently rated as an Accomplice.

-20 to -29 CCI Score

These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

AUG

28

2024

FTC Legal Challenge Overmerger Raises Labor and Market Fairness Concerns
-23.98

Capri Holdings is embroiled in a legal dispute regarding its merger with Tapestry, with the FTC arguing that the consolidation could harm consumer competition and worker protections. The case, highlighting issues around labor agency power and antitrust scrutiny, invites questions on the firm's commitment to ethical business practices and fair labor standards.
-30

Business Practices and Ethical Responsibility

March 21

Capri Holdings' active involvement in the merger dispute, despite rising concerns that such consolidation might undermine market competition and weaken worker protections, indicates a prioritization of profit over ethical labor practices. The legal battle underscores tensions between corporate growth strategies and commitments to social responsibility, particularly regarding labor rights.

FTC Spars With Tapestry, Capri Over Legal Test for Merger Freeze
-20

Economic and Structural Influence

March 21

The merger dispute also raises concerns about economic consolidation and the potential for regulatory capture. By defending the merger in the face of antitrust challenges, Capri Holdings may be contributing to a concentration of market power which can undermine democratic oversight and public accountability.

FTC Spars With Tapestry, Capri Over Legal Test for Merger Freeze