FTC Blocks Merger of Tapestry and Capri Holdings

Antitrust lawsuit
Written By Rick Watson

Tapestry is the parent company of Coach, specializing in luxury fashion and accessories. The company operates with various luxury brands and has a global presence. The FTC is challenging Tapestry's proposed acquisition of Capri, owner of Michael Kors and other luxury brands, citing concerns over the elimination of direct competition between the two companies, potential effects on employees' wages and benefits, and the broader impact on consumer choice and market competition.

The Federal Trade Commission has sued to block Tapestry's $8.5 billion acquisition of Capri Holdings, which would combine competitors Coach, Kate Spade, and Michael Kors and develop a dominant share of the accessible luxury handbag sector.

Reuters: US sues to block merger of Coach and Michael Kors handbag makers

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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