In news out late Monday, the Federal Trade Commission sued to block Tapestry’s acquisition of Capri. The agency said the deal would eliminate head-to-head competition between the companies’ brands and that it would give Tapestry a dominant share of the “accessible luxury” handbag market. Going for a narrow market definition makes sense, but “accessible” or “affordable” luxury is a category that will be difficult for the FTC to define.
Yahoo! Finance: CPRI News
