FTC Sues to Block $8.5 Billion Tapestry-Capri Merger

The deal between Coach’s owner, Tapestry, and the parent of Michael Kors, Capri Holdings, is intended to create a U.S. luxury group to compete with the European industry giants.

source https://www.nytimes.com/2024/04/22/business/ftc-tapestry-capri-coach-michael-kors.html