Judge blocks Coach owner Tapestry’s proposed acquisition of Michael Kors parent Capri

A federal judge blocked Tapestry’s acquisition of Capri, which includes luxury brands such as Michael Kors and Coach, following concerns raised by the Federal Trade Commission. Tapestry plans to appeal the decision, arguing that the merger would be pro-competitive and benefit consumers. The FTC believes the merger would harm consumers by reducing accessibility to affordable handbags. The decision reflects current consumer sensitivity to prices, and the FTC under Chair Lina Khan has been actively blocking mergers to maintain competition. The outcome of the trial and the impact on the luxury fashion industry remain uncertain.