The Federal Trade Commission (FTC), under the leadership of Chair Lina Khan, is once again trying to stop American companies from merging in order to better compete with their larger rivals. The agency’s target is not big tech, but big handbag brands— specifically the proposed $8.51 billion merger of handbag manufacturers Tapestry (Coach, Kate Spade, and Stuart Weitzman) and Capri (Michael Kors, Versace, and Jimmy Choo.)
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