April 15 (Reuters) - Coach parent Tapestry's

$8.5 billion deal to buy Michael Kors owner Capri Holdings ( CPRI )

has received regulatory clearance from the European

Union and Japan, the companies said on Monday.

The merger, which would bring top luxury labels such as

Tapestry's Kate Spade, Stuart Weitzman and Capri's Jimmy Choo

and Versace under one roof, still awaits approval from the

United States.

The U.S. Federal Trade Commission (FTC) sought additional

information on the planned merger from the two companies in

November, months after the deal was announced.

A merger between the two companies would help Tapestry

compete better with Paris-listed LVMH in the European

luxury market, even as demand for expensive handbags and

accessories remains choppy in the United States.

The deal is expected to close in 2024 and add to Tapestry's

adjusted profits immediately, the companies said last year.

(Reporting by Juveria Tabassum; Editing by Devika Syamnath)