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U.S. sues to block merger of Coach and Michael Kors handbag makers

By CTV News - 4 weeks ago
The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry's US$8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate 'direct head-to-head competition' between the flagship brands of the two luxury handbag makers.

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