Federal Judge Prevents Tapestry's Acquisition of Capri in Major FTC Victory

In a significant legal development affecting the fashion industry, a federal judge has blocked Tapestry's proposed acquisition of Capri Holdings, a move that has been hailed as a triumph for the Federal Trade Commission (FTC). Tapestry, the parent company of luxury brands like Coach and Kate Spade, had sought to acquire Capri, which owns labels including Versace, Michael Kors, and Jimmy Choo, in a deal valued at approximately $8 billion.

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