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Comment: US FTC's Tapestry-Capri case homes in on socioeconomic class distinctions between luxury handbag consumers

By Ilana Kowarski ( April 25, 2024, 22:46 GMT | Comment) -- When fashion design titans Tapestry and Capri Holdings had closed-door meetings with US Federal Trade Commission officials before the agency sued to block their deal, FTC representatives emphasized their concern that the deal would contribute to the rising cost of living for middle-class people in the US, MLex has learned. FTC leaders and staffers heavily concentrated on the emotional significance of “accessible luxury” apparel for ordinary consumers, and government attorneys also expressed concern about the availability of these goods at outlet stores, MLex understands.When fashion design titans Tapestry and Capri Holdings had closed-door meetings with US Federal Trade Commission officials before the agency sued to block their deal, FTC representatives emphasized their concern that the deal would contribute to the rising cost of living for middle-class people in the US, MLex has learned....

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