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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
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.