Defining 'Accessible Luxury' in Handbags Could Prove Difficult for the FTC
In news out late Monday, the Federal Trade Commission sued to block Tapestry’s acquisition of Capri. The agency said the deal would eliminate head-to-head competition between the companies’ brands and that it would give Tapestry a dominant share of the “accessible luxury” handbag market. Going for a narrow market definition makes sense, but “accessible” or “affordable” luxury is a category that will be difficult for the FTC to define.