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Tapestry, Capri Holdings respond to FTC lawsuit opposing merger

Tapestry owns Coach, Kate Spade and Stuart Weitzman. Image credit: Tapestry Inc. The FTC is the only U.S. regulatory body that has yet to approve the merger. Image credit: Tapestry Inc.

 

U.S. fashion groups Tapestry and Capri Holdings are in talks over an attempt from the U.S. Federal Trade Commission (FTC) to stop a major fashion merger.