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The Federal Trade Commission (FTC) is facing challenges in its efforts to block an $8.5 billion merger between the parent companies of luxury brands such as Coach, Versace, Michael Kors, Kate Spade, and Jimmy Choo. The FTC's case is centered on concerns about reduced price competition in the 'accessible luxury' handbag market. However, critics argue that the market is broader than the FTC's definition, citing the availability of numerous similarly priced brands and questioning the logical basis of the FTC's market segmentation. Legal advisors from Latham & Watkins and Wachtell are involved in the case, which is filed in New York.
In Michael Kors, Coach merger challenge, FTC’s case is not in the bag https://t.co/voH9wfqpUH https://t.co/o5MHarOmpq
“There’s so much the FTC didn’t consider… The case simply doesn’t make logical sense in many ways.” Good overview of the challenges that the FTC will face in its gambit to block the $CPRI / $TPR merger https://t.co/8IvcQuf7DZ
Silky suit: The parent of luxury brands Kate Spade and Coach and the parent of Michael Kors, Versace and Jimmy Choo were sued in New York in connection with a proposed $8.5 billion acquisition. @lathamwatkins and Wachtell are advising. #lawdotcomradar https://t.co/89gv5Tcwg7 https://t.co/S13iVEwWwH
