US FTC preparing to sue to block $8.5 billion takeover of Capri by Tapestry, NYT Dealbook reports

The deal, which would bring together top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and Versace, received regulatory clearance from the European Union and Japan on Monday. The FTC’s five commissioners are expected to meet this week to discuss the case, a move that could precede a formal vote on whether to file a lawsuit, according to the report.

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Yahoo! Finance: CPRI News

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