US sues to block merger of Coach and Michael Kors handbag makers – ET Retail
The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry‘s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate “direct head-to-head competition” between the flagship brands of the two luxury handbag makers. In a statement, the FTC said the tie-up, which would create a company with about 33,000…
