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The Blocking of the Tapestry-Capri Merger Spells Trouble for American Fashion

The dream of creating an American answer to LVMH and Kering faced a major setback this week after a federal judge championed the Federal Trade Commission’s narrow definition of the sub-luxury handbag market.
Coach store
The blocking Thursday championed the FTC’s primary argument that if Tapestry and Capri were to come together, they could raise prices, lower wages and eliminate competition in the sector. (Getty)

So much for America’s LVMH.

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