Capri, Tapestry Scrap Merger After FTC Blocked Deal

(Bloomberg) — Capri Holdings Ltd and Tapestry Inc. scrapped their $8.5 billion plan to merge after a court order freezing the proposed combination of the US fashion companies due to antitrust regulators’ objections.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsTapestr

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