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248,282 Views ā¢ Apr 28, 2024 ā¢ Click to toggle off description
Lina Khan's Federal Trade Commission is suing to block Tapestry's $8.5 billion acquisition of Capri Holdings, saying the deal would harm consumers by reducing competition and raising prices in the affordable luxury handbag sector.
Monday's lawsuit challenges the proposed deal that would have Tapestry controlling Coach, Kate Spade, Stuart Weitzman, Michael Kors, Versace and Jimmy Choo.
According to the FTC, the acquisition could have a negative impact on the millions of American shoppers who now benefit from the head-to-head rivalry between Tapestry and Capri, as well as on the roughly 33,000 workers employed by both companies worldwide.
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Views : 248,282
Genre: Education
Date of upload: Apr 28, 2024 ^^
Rating : 4.932 (223/12,923 LTDR)
RYD date created : 2024-05-14T12:35:48.708014Z
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YouTube Comments - 1,723 Comments
Top Comments of this video!! :3
As a member of your 2% female audience the comparison of handbags to crypto was hilarious and very true! Glad to be here!
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Thank you Patrick for being one of the most trusted news sources in fashion.
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"accessible luxury" is a funny concept
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š¤£š¤£š¤£I like what you did with 'The Devil Wears Prada'.
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Lol as a part of the 1.7%, I appreciate the subject matter :)
1.1K |
When you COULD NOT CARE LESS about the topic, but you click on the link anyway because the content creator is so darn good.
193 |
Expanding from the rap business to women handbangs, now that's what I call diversification. Patrick broke new ground with this, very cool!
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Patrick interacting with movies. Another comedic addition.
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That interplay with the scene from "The Devil wears Prada" was brilliant, and I don't mean the learning website.
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As a female viewer, I was genuinely excited to see the headline! Handbags are an industry worth a lot of money and very interesting to talk about in the finance space
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The blue sweater scene from the Devil Wears Prada might be one of the most savage take downs in movie history. It has lived in my head rent free for years now and I think about it whenever I compare similar clothing items and accessories.
Yes, in case you didn't realise, I am one of the 1.7%
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Patrick is on a roll with these videos lately! The edits with the Blue Sweater were excellent š
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As a male, not all handbags are the same. Some handbags will fit movie theater snacks, and some won't.
1.2K |
Going after Ticketmaster was great tho.
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I'm an attorney published in the field of antitrust. The major change in US antitrust that occurred in the 70 was because of courts, not enforcement. The 'consumer welfare' standard was applied beginning then. Before that, the concern was about harm to competitors, which really just resulted in 1) inefficient competitors constantly complaining of antitrust violations whenever they were outcompeted, and 2) the regular breakup of legitimately successful companies, especially in industries that tend toward oligopoly (like the auto industry).
The FTC can change their enforcement attempts all they want. That doesn't change the underlying law. Hence, the string of defeats.
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As a guy I think the best comparison for handbags are watches. To some women or those not interested in the field, it might look the same for them as well. Same with handbags, some have better labor quality in it or something unique with it to differentiate it.
This FTC case is a head scratcher, the affordable handbag industry will just have consumers switch to something else rather than paying a higher price. Wouldnāt be surprised if it turns into another loss.
More focus needs to be put into consumer rights in the ever growing digital media space with music, video games, computer software, forced subscriptions to something like a printer, etc.
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LVMH should be the one that got sued for anti-trust. Most brands in a luxury mall are owned by either LVMH or Kering. The ultimate illusion of choice.
707 |
Observing luxury retail trends is absolutely fascinating.
And yeah, we all have our āthingsā my wife couldnāt pick my 911 Turbo S out of a lineup, but could identify every well known handbag a mile away.
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wow, as one of the only women watching your channel, i really thought we had more of a stake in this channel
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@PBoyle
2 weeks ago
To try everything Brilliant has to offer for free for a full 30 days, visit brilliant.org/patrick/. Youāll also get 20% off an annual premium subscription.
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