While the injunction can be appealed, such rulings are only rarely overturned, according to experts.
The two companies would have complemented each other, with Tapestry’s abilities to use data to connect with consumers meshing well with Capri, which in turn has a stronger business abroad. The FTC has not stepped into a fashion deal for a generation or more, but decided to make its stand in the accessible luxury handbag market.
Half of the consumers buying Coach and Michael Kors bags come from households with annual incomes of less than $70,000, Lindquist said.The government’s economic analysis of the transaction said Tapestry, by virtue of buying Capri and eliminating that competition, would be able to raise prices by 17 percent — with a $365 million annual impact to consumers.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: NBCLA - 🏆 319. / 59 Leer más »
Fuente: nbcsandiego - 🏆 524. / 51 Leer más »
Fuente: ksatnews - 🏆 442. / 53 Leer más »