The US Federal Trade Commission is preparing to block Tapestry’s $8.5 billion takeover of Capri Holdings, aiming to prevent the creation of a luxury fashion mega-merger that would bring together brands like Coach, Kate Spade, Versace, and Michael Kors. While the deal was approved by regulators in the EU and Japan, US regulators are concerned it could reduce competition and lead to higher prices for consumers. Investors are skeptical about the deal's completion, reflected in Capri's declining shares and Tapestry's modest gains. The case may attract political attention, though it lacks appeal as a means of protecting consumer interests.