Judge sides with FTC, blocking Kate Spade and Michael Kors merger

  • 📰 ABC
  • ⏱ Reading Time:
  • 15 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Article Nouvelles

115122219

Michael Kors testified the merger would have revitalized his brand.

In this Aug. 10, 2023, file photo, a pedestrian walks past a Michael Kors store in Chicago.A federal judge in New York on Thursday sided with the Federal Trade Commission, effectively blocking thebehind Coach and Kate Spade with the company that controls Michael Kors.

"In the Court’s view, the conclusion most consonant with the evidence is that handbag consumers do 'purchase brands.' To ignore the peculiar role of brands in the handbag market would be to ignore the commercial realities of the industry," Judge Jennifer Rochon wrote.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 471. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

FTC seeks to block Kate Spade, Michael Kors mergerThe FTC may block a planned merger between the luxury brands.
La source: ABC - 🏆 471. / 51 Lire la suite »

FTC seeks to block Kate Spade, Michael Kors mergerThe Federal Trade Commission is asking a federal judge in New York to block the $8.5 billion merger of Tapestry, the company behind Coach, Kate Spade, and Capri, which controls Michael Kors.
La source: 6abc - 🏆 250. / 63 Lire la suite »

Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent CapriThe owners of Coach and Michael Kors, Tapestry and Capri, saw their proposed merger blocked after the FTC sued to stop the deal.
La source: NBCLA - 🏆 319. / 59 Lire la suite »

Judge blocks $8.5B merger of luxe brands Coach, Michael Kors in shock setbackThe companies argued the deal was needed to fight back against European players like Gucci, which are increasingly grabbing market share.
La source: nypost - 🏆 91. / 67 Lire la suite »