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US Watchdog Sues to Block $8.5bn Handbag Takeover
BBC ^ | 4/22 | Mariko Oi

Posted on 04/22/2024 8:06:28 PM PDT by nickcarraway

The US competition watchdog has sued to block fashion accessory giant Tapestry's $8.5bn (£6.9bn) takeover of rival Capri.

Tapestry owns handbag makers including Coach and Kate Spade, while Capri's brands include Michael Kors.

The US Federal Trade Commission (FTC) said if allowed, "the deal would eliminate direct head-to-head competition between Tapestry’s and Capri’s brands".

In response Tapestry said "the FTC fundamentally misunderstands both the marketplace and the way in which consumers shop".

Together, the firms employ about 33,000 staff globally but the FTC argued the deal could reduce wages and their benefits.

Coach and Kate Spade are known for what their parent firm calls "accessible luxury" handbags - quality leather and craftsmanship products at affordable prices.

(Excerpt) Read more at bbc.com ...


TOPICS: Business/Economy; Culture/Society; Extended News
KEYWORDS: capri; coach; katespade; michaelkors; tapestry
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1 posted on 04/22/2024 8:06:28 PM PDT by nickcarraway
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To: nickcarraway
Michael Kors to Invicta: Hold my beer!


2 posted on 04/22/2024 8:16:11 PM PDT by who_would_fardels_bear (Kafka was an optimist.)
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To: nickcarraway

Michael Kors is too common. I like Coach but it’s only affordable at the outlet stores. And Kate Spade committed suicide so I can’t bear to buy a bag with her name on it.
In other words, who cares. I like Dooney


3 posted on 04/22/2024 8:17:32 PM PDT by tinamina (Remember when Biden said “we have developed the most sophisticated voting fraud system ever”? )
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To: tinamina

I use a black cordura Molle administrative pouch for a murse. That’s as close as I get to this space.

https://www.amazon.com/Wynex-Tactical-Medical-Attachment-Waterproof/dp/B076HVL9G9/


4 posted on 04/22/2024 8:23:35 PM PDT by FreedomPoster (Islam delenda est)
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To: tinamina
In Hollywood now, a transgender child is more trendy than a Birkin bag. I'm not sure which costs more in the long run.

(Charlize Theron, Jennifer Lopez, Jennifer Garner, Megan Fox, Jamie Lee Curtis, Annette Bening, Tori Spelling, Sigourney Weaver, Gabrielle Union, Angelina Jolie, etc.)

5 posted on 04/22/2024 8:26:13 PM PDT by nickcarraway
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To: nickcarraway
In Hollywood now, a transgender child is more trendy than a Birkin bag.

Yep, they've replaced the African children.

6 posted on 04/22/2024 8:26:58 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: nickcarraway

Settle it with a handbag slug out. Put it on pay per view.


7 posted on 04/22/2024 8:36:15 PM PDT by Noumenon (You're not voting your way out of this. KTF)
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To: nickcarraway

The market should be able to come up with 25 companies to make these products. And here in the US. It’s not rocket science


8 posted on 04/22/2024 8:42:57 PM PDT by HereInTheHeartland (Have you seen Joe Biden's picture on a milk carton?)
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To: nickcarraway

“… the FTC argued the deal could reduce wages and their benefits.”

So it’s not protecting consumers. What else will the FTC make up for its mission?


9 posted on 04/22/2024 9:36:09 PM PDT by FreedomNotSafety
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To: All

Well, I’m sure glad that all the other worlds problems are solved so that they can argue over who gets to sell purses to vain and foolish women.


10 posted on 04/22/2024 9:43:09 PM PDT by LegendHasIt
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To: tinamina

Dooney is a great bag.

I’m a Brahmin woman myself. Like good boots, a solid handbag is worth the money, goes with everything, looks great despite daily use for several years, and doesn’t fall apart.

I’ve passed my used Brahmins onto my daughter-in-law. She passed one onto her sister. Years later, it’s still in use.

Coach went wacko on the colors and Kors doesn’t hold their shape. He designs very comfortable and stylish sandals and shoes, but there are too many fake Kors bags out there. No thanks.


11 posted on 04/22/2024 9:57:53 PM PDT by TheWriterTX (🇺🇸✝️🙏🇮🇱)
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To: TheWriterTX

I like Brahmin as well, but I only have one. Both Dooney and Brahmin have cords to attach your keys to, so you always know where they are.


12 posted on 04/22/2024 10:32:40 PM PDT by tinamina (Remember when Biden said “we have developed the most sophisticated voting fraud system ever”? )
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To: tinamina

I love that feature!

Convenient pockets to store things and the phone slot on the outside, it makes it easy to grab what you need without even looking. They are the female version of cargo pants...but a lot more stylish.


13 posted on 04/22/2024 11:47:17 PM PDT by TheWriterTX (🇺🇸✝️🙏🇮🇱)
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To: tinamina

Any American male should be able to attach a cord for you. Use a quality cord or cable and Shoo-Goo. Clamp it for a couple of days, and it’ll be nearly impossible to remove.


14 posted on 04/23/2024 2:52:40 AM PDT by Does so ( 🇺🇦....We are in the later stages of a Communist takeover...)
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To: FreedomPoster

Did you really just use the term ‘murse’?


15 posted on 04/23/2024 3:00:31 AM PDT by Mr. K (No consequence of repealing Obamacare is worse than Obamacare)
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To: nickcarraway

The world has bigger worries than merchandise 99% will never be able to own.


16 posted on 04/23/2024 4:35:32 AM PDT by bgill (.)
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To: nickcarraway

But Nippon Steel can buy US Steel no problem...


17 posted on 04/23/2024 5:09:29 AM PDT by Trinity5
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To: tinamina

Coach is nice, purchased a few for wife. Now I got her a Carhartt purse. Why? I want her to come home safe! No Rich Bitch Robbery for her…..


18 posted on 04/23/2024 5:17:06 AM PDT by Lockbox (politicians, they all seemed like game show hosts to me.... Sting…)
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To: tinamina

“...only affordable at the outlet stores”

Are there any left? Years ago this outlet mall used to have plenty of busloads of shoppers come to it. Now it’s dead;

https://www.youtube.com/watch?v=fs5aw7t9MUE&t=155s


19 posted on 04/23/2024 5:36:53 AM PDT by Hillarys Gate Cult (“History doesn’t repeat itself but it often rhymes” - Possibly Mark Twain.)
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To: Lockbox

Long before I ever had enough money to buy a Coach bag, I was robbed on the bus. They just took my wallet right out of my handbag. And then I had my whole purse stolen at the mailbox of my apartment building. I thought the guy lived there so I looked in his eyes as I walked by and watched those eyes become devil eyes. I chased him down the street screaming but to no avail.
Now it depends on where you’re going what kind of bag you carry. Normally I have one that would go over my neck so that people can’t easily steal it. And Coach is not a rich bitch bag, believe me. Try Judith Lieber, Versace, etc.


20 posted on 04/23/2024 5:40:51 AM PDT by tinamina (Remember when Biden said “we have developed the most sophisticated voting fraud system ever”? )
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