Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the transaction. Mergers, Acquisitions and Divestitures, Fashion and Apparel, Antitrust Laws and Competition Issues, Shopping and Retail, Capri Holdings Ltd, Tapestry Inc Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the transaction. NYT > Business
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
