Capri Holdings stock sinks on blocked $8.5B Tapestry merger
Shares of Capri Holdings (CPRI), parent company of Michael Kors and Jimmy Choo, are sinking after a US judge blocked its pending $8.5 billion merger with Coach owner Tapestry (TPR). Yahoo Finance Senior Reporter Alexandra Canal joins Morning Brief to discuss the ruling in the Federal Trade Commission’s (FTC) antitrust case and competition among luxury…