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Makers of Coach and Michael Kors handbags blocked from merger in antitrust case

CBS News
Summary
Nutrition label

75% Informative

The FTC sued to block Tapestry 's $8.5 billion acquisition of Capri .

The FTC said the deal would eliminate direct competition between the fashion companies' handbag brands.

The two companies' brands cover a wide array of items from clothing to eyewear to shoes.

Capri 's shares fell more than 50% in after hours trading.

VR Score

85

Informative language

91

Neutral language

36

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links