US sues to block Coach and Michael Kors merger
The Star Online - Business·2024-04-24 08:01
NEW YORK: The US Federal Trade Commission (FTC) on Monday sued to block Coach parent Tapestry’s US$8.5bil 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.
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