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Comment: US FTC's Tapestry-Capri case tests relevance of market definition

By Ilana Kowarski and Flavia Fortes ( May 15, 2024, 23:42 GMT | Comment) -- In its challenge to Tapestry and Capri's proposed $8.5 billion merger, the US Federal Trade Commission is taking a multifaceted approach to proving the deal is anticompetitive. A hearing in federal court on the FTC's request for a preliminary injunction against the deal will provide a viability test for its new harm-focused approach to merger challenges, where defining a relevant product market is secondary, though market definition is still central to the companies' defense.Apparel makers Tapestry and Capri Holdings have repeatedly characterized the US Federal Trade Commission's proposed market definition — accessible luxury handbags — in its challenge to their deal as incomplete, unrealistic and vague....

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