Fordham Law Professor Susan Scafidi, director of Fordham Law’s Fashion Law Institute, is quoted in a Reuters article discussing a new antitrust lawsuit from the Federal Trade Commission seeking to block the merger of Tapestry, which owns the Coach and Kate Spade brands, and Capri, which owns Michael Kors.
“There’s so much the FTC didn’t consider,” Susan Scafidi, director of the Fashion Law Institute at Fordham University School of Law, told me, including how today’s handbag consumers shop, the blurred market segment lines and the impact of new competitors. “The case simply doesn’t make logical sense in many ways.”
The FTC on Monday sued to block the Tapestry/ Capri combination, filing a (sealed) lawsuit seeking a preliminary injunction in Manhattan federal court to stop the deal from proceeding as well as an in-house administrative complaint aiming to scuttle it permanently.
Read “In Michael Kors, Coach merger challenge, FTC’s case is not in the bag” on Reuters.
