FTC’s Bold Move: Halting $8.5 Billion Fashion Merger to Protect Consumers

The Federal Trade Commission filed a lawsuit to block Capri Holdings' $8.5 billion sale to Tapestry, alleging it would eliminate competition between Coach, Kate Spade, and Michael Kors, despite Tapestry's insistence that the deal is pro-competitive and Capri Holdings' disagreement with the FTC's decision, with both companies affirming the transaction's benefits and market realities.