US court blocks Tapestry’s $8.5 billion acquisition of rival Capri

By Siddharth Cavale, Reuters

A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the U.S. Federal Trade Commission in an industry where merger challenges are rare.

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US court blocks Tapestry’s $8.5 billion acquisition of rival Capri