The FTC is suing to block Tapestry’s $8.5 billion acquisition of Capri, arguing that the deal would reduce competition in the luxury fashion market. The lawsuit comes after the companies had received regulatory approval from the EU and Japan.
The FTC is suing to block Tapestry’s $8.5 billion acquisition of Capri, arguing that the deal would reduce competition in the luxury fashion market. The lawsuit comes after the companies had received regulatory approval from the EU and Japan.