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US sues to block Tapestry’s Capri deal citing handbag market domination

todayApril 22, 2024 11

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US sues to block Tapestry’s Capri deal citing handbag market domination
The US Federal Trade Commission said on Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition.

​ The US Federal Trade Commission said on Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition. Read More Breaking News, Latest News and Videos | CNN 

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