US Sues to Block Merger of Coach, Michael Kors Owners newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.
"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.
The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry s US$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.
International Business: US sues to block merger of Coach and Michael Kors handbag makers gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
US sues to block Coach & Michael Kors handbag makers deal rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.