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The FTC is seeking to block a handbag merger involving companies like $CPRI and $TPR to maintain competition, with concerns about market concentration and price competition. Market speculates on deal approval chances, market definition, and competition with fast fashion in the 'accessible luxury' segment.
How is the market segment "Accessible luxury handbags" defined? No one knows, but there are 100+ brands available on Amazon at >$200 $CPRI $TPR https://t.co/Xp2hYXv0yU
Right now the market is implying about a 30% chance of the $CPRI deal going through at terms. Ie you get paid 7/10 times to bet again Lina Khan, arguing that accessible luxury doesnt compete on price w/ fast fashion and that handbag labor doesnt compete with other retail labor.… https://t.co/uQqDx5WtYa
Basically what I'm saying is can't $TPR win simply by proving accessible luxury- whatever that means - has to compete on price, with fast fashion (or whoever really but thats a logical comp). Not a hard point to prove (speak to anyone who owns a Kors bag). That breaks the market… https://t.co/UWuJHLE64u