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Comment: Tapestry-Capri lawsuit by US FTC relies in part on underdeveloped labor theory of harm

By Ilana Kowarski ( May 1, 2024, 02:27 GMT | Comment) -- In its lawsuit against the Tapestry-Capri merger, the US Federal Trade Commission relies in part on a theory of labor market power that lacks anecdotal evidence and a thorough market definition — at least in the publicly visible portions of two redacted complaints. The redacted complaints don't clarify which of the dealmakers’ 33,000-plus employees fall into the relevant labor market based on their job titles and locations. Fashion houses Tapestry and Capri Holdings face claims from the US Federal Trade Commission that their proposed merger would create an employer with anticompetitive buyer power and harm workers in the luxury style industry, especially hourly laborers who are non-unionized. These FTC claims were prominently highlighted in the agency’s announcement of its lawsuit against the deal, and mentioned near the top of the FTC’s administrative and federal complaints....

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