US court blocks Coach owner’s $8.5 bn buyout of Versace parent
A US judge on Thursday blocked fashion group Tapestry’s $8.5 billion deal to buy Capri, which owns luxury brands including Michael Kors and Versace, citing a potential loss of competition.The deal, seen as an attempt to create a new global fashion giant to compete with European powerhouses, was halted by a federal court in New …
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