FTC Sues to Block Luxury Fashion Merger of Tapestry and Capri Holdings

Litigation attorney Jennifer Lada was quoted in a The Washington Post article about the Federal Trade Commission's (FTC) lawsuit seeking to block the $8.5 billion merger between luxury fashion conglomerates Tapestry and Capri Holdings. The FTC argues the deal would lead to higher prices for U.S. consumers in the "accessible luxury" handbag market by reducing competition. Ms. Lada talked about the role of antitrust scrutiny in ensuring that consumers have access to a competitive marketplace and reasonable pricing options amid high-profile mergers.

"There's a general concern of merged companies being able to raise prices," she said, explaining that the FTC's decision to pursue the case, even after European and Japanese regulators approved the transaction, indicates the agency believes American consumers will be affected differently.

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