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"The FTC s decision to sue is surprising because there s no shortage of competition for fashion, apparel and accessories. The commission has latched onto a marketing term - accessible luxury - and treats it like a unique market that exists in a vacuum," said Howard Hogan, chair of the fashion, retail and consumer practice at law firm Gibson Dunn. ....
Capri Holdings Limited (NYSE:CPRI – Get Free Report) has earned an average recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued a report on the stock in […] ....
The statement from foreign ministers from the Group of Seven countries was not particularly comprehensive or forceful. But it was considered a success toward efforts to calm escalating tensions in ....
(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. ....
The companies have received regulatory clearance from the European Union and Japan for their deal, which would bring top luxury labels such as Kate Spade and Jimmy Choo under one roof ....