FTC said to consider blocking Tapestry's takeover of Capri Holdings

Zooming in: The commission is expected to meet next week to discuss the case, potentially moving forward to a formal vote.

• Meanwhile, while Capri's shares have plunged more than 20% this year since the takeover's announcement, Tapestry's have risen 6%.

Go deeper, per the NYT: "Monopoly cases in the fashion industry are rare, because there is no shortage of new labels looking to undercut legacy brands. 'It is the paradigmatic part of the economy where there is ample competition,' said Howard Hogan, the chair of the fashion, retail and consumer practice at the law firm Gibson Dunn."