"The federal judge ruled that the merger of Tapestry and Capri Holdings, if allowed, would significantly harm competition in the accessible luxury handbag market, impacting prices for consumers."
"Accepting the FTC's argument, Judge Rochon highlighted that millions of Americans could face higher prices due to the potential reduction in competitive incentives once the companies combined."
"In her ruling, Judge Rochon stated, 'Antitrust has come into fashion,' indicating the increasing scrutiny of mergers in the competitive luxury fashion sector."
"Tapestry plans to appeal the decision, asserting that the retail fashion industry remains highly competitive, fragmented, and continuously evolving despite the judge's ruling."
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