FTC Blocks $8.5 Billion Merger Between Coach Parent Company Tapestry and Michael Kors Owner Capri

The US Federal Trade Commission (FTC) has blocked the $8.5 billion merger between Coach parent company Tapestry and Michael Kors owner Capri, citing concerns about creating a monopoly. The FTC’s move aims to prevent increased prices and harm to consumers by scrutinizing large deals that could eliminate competition. Capri Holdings and Tapestry have expressed disagreement with the FTC’s decision, emphasizing the pro-competitive nature of the merger. Stay informed with our free daily newsletter for the latest updates.