Tapestry is the parent company of Coach.Image: Corbis News (Getty Images)
The Federal Trade Commission said Monday that sued to block Tapestry’s $8.5 billion deal to acquire Capri because it would eliminate “firece” competition in the luxury market. If allowed, the fashion deal would bring together six brands: Tapestry’s Coach, Kate Spade, and Stuart Weitzman, and Capri’s Michael Kors, Jimmy Choo, and Versace.
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{URL}https://qz.com/express-chipotle-amazon-coca-cola-lululemon-retail-news-1851436344{/URL}
{Author}Francisco Velasquez{/Author}
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{Source}Applications{/Source}
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