A court has granted a petition from the US Federal Trade Commission (FTC) to block attempts from leathergoods and footwear group Tapestry to acquire rival group Capri Holdings.

Tapestry, parent group of Coach, Kate Spade and Stuart Weitzman, first expressed its intention to acquire Capri in 2023. Capri’s brands are Michael Kors, Versace and Jimmy Choo.

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