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FTC vs Tapestry-Capri trial concludes, verdict pending

The trial between the US Federal Trade Commission (FTC) and luxury goods giants Tapestry and Capri Holdings over their proposed $8.5 billion merger concluded on Monday, with the federal judge’s decision now awaited. The FTC filed an antitrust case against the merger, arguing it could create a dominant player in the affordable luxury handbag market. Executives from both firms, including Michael Kors, testified, with discussions centering on the definition of “accessible luxury” and consumer price limitations. The judge’s decision, which could either block or approve the merger, is expected within three weeks to three months.

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