FTC may try to block yet another business merger
CPRICapri (CPRI) Fox Business·2024-04-18 08:05

Federal antitrust regulators are planning to file a lawsuit to block Coach parent Tapestry's $8.5 billion bid to buy Michael Kors owner Capri, according to a report by New York Times Dealbook. The Federal Trade Commission (FTC) is expected to hold a meeting next week to discuss the case, which could lead the commissioners to hold a vote on filing the lawsuit — though the report noted that the agency may decide not to sue.The proposed merger would bring together top luxury brands including Tapestry's Kate Sp ...