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Trend group Tapestry stated on Thursday it could abandon its bid for Capri, proprietor of luxurious manufacturers similar to Michael Kors and Versace, following a profitable authorized problem by US regulators.
The Federal Commerce Fee sued to dam the merger of Tapestry, which owns Coach, and Capri, citing a possible lack of competitors. The businesses had sought to create a brand new world trend large to compete with European powers.
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