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A luxury handbag designer has been jailed after pleading guilty to smuggling purses made of the skins of protected reptiles, according to the U.S. Department of Justice. Nancy Teresa Gonzalez de Barberi, found of the luxury handbag company Gzuniga, was sentenced to 18 months in prison on Monday for illegally importing merchandise from Colombia to the United States that was made from protected wildlife, authorities said. Mauricio Giraldo, an associate of Gonzalez, was also sentenced to prison, according to the Department of Justice. ....
(Reuters) -The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry's $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 proposed merger threatens to deprive millions of American consumers of the benefits of Tapestry and Capri's head-to-head competition, which includes competition on price, discounts and promotions, innovation, design, marketing and advertising," the FTC said. The FTC's rare antitrust challenge against a high-end fashion merger could set a precedent for luxury deal regulation, several antitrust lawyers said. ....