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flag Capri Holdings and Tapestry terminate their $8.5 billion merger due to regulatory challenges.

flag Capri Holdings and Tapestry, Inc. have mutually terminated their $8.5 billion merger deal due to regulatory hurdles and the unlikelihood of obtaining U.S. regulatory approvals by the deadline of February 10, 2025. flag The Federal Trade Commission had filed a lawsuit to block the merger, arguing it would reduce competition in the luxury handbag market. flag Capri, which owns Versace, Jimmy Choo, and Michael Kors, will now focus on its individual growth strategies. flag Capri's shares fell 6% in pre-market trading.

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