Michael Kors owner's stock craters after judge blocks $8.5B merger of top US handbag makers

Capri, the parent company of fashion brands Michael Kors and Jimmy Choo, saw its stock tank by more than 50% in pre-market trading on Friday after

Should the deal fall through, “Capri could potentially seek another suitor” as it grapples with execution missteps at Michael Kors, said Dana Telsey of Telsey Advisory Group. The FTC under its chair, Lina Khan, has been aggressive in blocking mergers and enforcing antitrust laws — drawing criticism from business advocates.

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