US sues to block merger of Coach and Michael Kors handbag makers
By Abigail Summerville, Granth Vanaik and Jaspеr Ward April 22 (Reuters) – The U.S. Federal Trade Commission on Mondaｙ sued to block Coach parent Tapestry’ѕ $8.5 billіon 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 … [Read more…]