The handbag wars have begun after the US sued to block the merger of Coach and Michael Kors
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- The FTC announced a lawsuit that blocks a merger between luxury brands Tapestry and Capri.
- The FTC claims Tapestry's acquisition of Capri could make more affordable luxury bag options expensive.
- Tapestry and Capri argue the luxury handbag market is too saturated for that to happen.
The FTC is trying to stop a merger between brands Tapestry and Capri that would put labels Coach, Kate Spade, Michael Kors, Jimmy Choo, and Versace under one luxury house.
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