(Reuters) -Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and Versace under one roof, is still awaiting clearance from U.S. regulators. Tapestry CEO Joanne Crevoiserat told Reuters in an interview that the companies are cooperating with the FTC’s requests and the deal is still on track to close in the 2024 calendar year.
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