I think a major part of the investigation has to do with outlet malls distribution. This was said in the 2nd request info. As for Capri financials deteriorating, that can't be an excuse to get out of the merger. Even Musk tried it with Twitter and failed legally.
That was mentioned but concessions can address it if they feel it's a problem. Wholesale isn't doing so well for CPRI right now and TPR suffers volume in the name of price raises.
Isn't the whole purpose of anti trust to protect consumers (low prices, large choice)? Why do you have to protect consumers that spend a couple of $100 for a handbags in the first place?
I think a major part of the investigation has to do with outlet malls distribution. This was said in the 2nd request info. As for Capri financials deteriorating, that can't be an excuse to get out of the merger. Even Musk tried it with Twitter and failed legally.
That was mentioned but concessions can address it if they feel it's a problem. Wholesale isn't doing so well for CPRI right now and TPR suffers volume in the name of price raises.
Mike, where did you find the 2nd request info? Thanks!
Isn't the whole purpose of anti trust to protect consumers (low prices, large choice)? Why do you have to protect consumers that spend a couple of $100 for a handbags in the first place?
FTC has a history of allowing deals to go through without understanding how things will materialize post close.
I agree, fashion is a hard one to justify because you have so many options that consumers can go elsewhere.
However, look what's happening with Hermes and then getting sued because of how they handle Birkin bag sales with customers