According to NYT Dealbook, the US FTC is preparing to block the $8.5 billion takeover of Capri by Tapestry

FTC moves to block Tapestry's $8.5bn takeover of Michael Kors' Capri. US Federal Trade Commission (FTC) has filed a lawsuit to block the deal. Coach owner Tapestries is set to take over from Coach to buy Capri's parent company.

US sues to block Tapestry-Capri $8.5bn merger, citing monopoly concerns. FTC lawsuit to block Coach parent from buying Michael Kors owner says deal would deprive consumers of competition. US sued to block tapestry and Capri merger citing monopoly fears.

US FTC preparing to sue to block $8.5 billion takeover of Capri by Tapestry. Deal would bring together top luxury labels such as Kate Spade, Stuart Weitzman and Capri's Jimmy Choo and Versace. Deal received regulatory clearance from European Union and Japan on Monday.

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 merger would bring top luxury labels such as Kate Spade, Stuart Weitzman and Jimmy Choo and Versace under one roof.