People pass displays of Coach handbags as they walk through the lobby of 10 Hudson Yards, Tuesday, May 31, 2016, in New York. The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry's US$8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate "direct head-to-head competition" between the flagship brands of the two luxury handbag makers.
"The FTC's decision to sue is surprising because there's no shortage of competition for fashion, apparel and accessories. The commission has latched onto a marketing term - 'accessible luxury' - and treats it like a unique market that exists in a vacuum," said Howard Hogan, chair of the fashion, retail and consumer practice at law firm Gibson Dunn.U.S. antitrust enforcers issued new merger guidelines in December to encourage fair, open and competitive markets.
Earlier in April, the companies received regulatory clearance from the European Union and Japan for their deal, that would bring top luxury labels such as Kate Spade and Jimmy Choo under one roof. Authorities on both sides of the Canada-U.S. border resumed search efforts Monday to find two men who went missing while kayaking off Vancouver Island over the weekend.Toronto cop cleared in crash that seriously injured 2 people, but SIU raises concerns about officer's speed
Taylor Swift's latest album, 'The Tortured Poets Department,' which dropped on Friday, became the most-streamed album on its first day across Spotify, Amazon Music, and Apple Music.Victoria Beckham, the fashion designer once known best as Posh Spice, celebrated her 50th birthday this weekend in London, where she was joined by her former Spice Girls bandmates.
German surfer Sebastian Steudtner may have broken his own record for riding the biggest wave in history earlier this year.A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.Ford recalled more than 55,000 trucks and SUVs over a battery detection issue, according to a Transport Canada recall notice.Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont.
Marion Street Eatery is set to close its doors for good after over a decade serving up steaming plates of eggs benedict, grilled cheese and brisket hash.Second-degree murder charge laid following death on Ochapowace First NationThe Saskatchewan NDP are calling for the resignation or firing of Education Minister Jeremy Cockrill, saying he lied about apologizing for comments he made to a mother whose daughter died.