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A slew of luxury brands will remain separate entities for now.
On Thursday, a judge blocked the merger of Tapestry and Capri Holdings, two companies that oversee a number of accessories brands, The Washington Post reported. The $8.5 billion merger was announced last year, but Judge Jennifer Rochon of the Southern District of New York has ruled that it would lead to higher prices for consumers.
The merger “likely will substantially lessen competition in the market…
