FTC sues to block $8.5 billion merger of Coach, Michael Kors parent companies : vimarsana.com

FTC sues to block $8.5 billion merger of Coach, Michael Kors parent companies

The U.S. Federal Trade Commission sued to stop Tapestry Inc.’s $8.5 billion takeover of rival Capri Holdings Ltd., marking the first time the Biden administration has used its aggressive antitrust enforcement to try to stop a deal in the fashion accessories sector. Antitrust enforcers said Tapestry’s acquisition of Capri would

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