Fashion merger blocked

MANHATTAN — The FTC successfully secured an injunction that halts the merger of a British Virgin Islands fashion holdings company with another fashion holdings firm, which would have combined six major fashion brands under one owner: Coach, Kate Spade, Michael Kors and more. The FTC may complete its in-house administrative proceeding in which the government has found that the merger is intended, in part, to decrease Michael Kors’ discounting while increasing its prices.