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Patrick Boyle On Finance
The Handbag Wars! - Has The FTC Lost Control?
Apr 29, 2024
Lina Khan, Chair of the FTC, discusses the lawsuit against Tapestry's acquisition of Capri Holdings, impacting the affordable luxury handbag sector. They explore competition, consumer harm, and the implications of regulatory intervention in the industry.
20:05
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Quick takeaways
- The FTC filed a lawsuit against Tapestry to prevent its acquisition of Capri Holdings, citing concerns of reduced competition and increased prices in the luxury handbag industry.
- The podcast discusses the historical evolution of anti-trust laws in the US, recent trends in anti-trust enforcement, and the challenges faced by the FTC in implementing new merger guidelines.
Deep dives
FTC Lawsuit Against Tapestry and Capri Holdings
The FTC has filed a lawsuit against tapestry to block its acquisition of Capri Holdings. This lawsuit focuses on the anti-competitive impact of the merger on the accessible luxury handbag market. The lawsuit argues that the acquisition would eliminate competition among brands like Michael Kors, Kate Spade, and Coach, leading to higher prices and decreased innovation. Lina Khan's FTC tenure has been marked by a shift in focus towards challenging mergers to preserve competition.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode