06:46 AM EDT, 09/11/2024 (MT Newswires) -- A Tapestry (TPR) executive conceded that the company has room to raise prices and lower discounts for Capri's (CPR) Michael Kors brand if the two companies merge, Reuters reported on Tuesday.

US regulators are attempting to block the $8.5 billion acquisition on anti-trust grounds.

During the court session, the Federal Trade Commission showed slides claiming the merger would lead to increased prices and decreased competition. One noted that Coach products on average cost $147 more than Michael Kords, Reuters reported.

In addition to Michael Kors, Capri also owns luxury brands Jimmy Choo and Versace, while Tapestry owns Coach, Kate Spade, and Stuart Weitzman.

Tapestry and Capri did not immediately reply to MT Newswires' requests for comment.

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