| FTC Bid to Stop Handbag
Merger of Capri & Tapestry Day
4 Has Kate Spade & Sealing
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
Sept 12 – At Day 4 of the
hearing on the US Federal Trade
Commission's bid to enjoin the
merger of Tapestry and Capri
started up before U.S. District
Court for the Southern District
of New York Judge Jennifer L.
Rochon, Inner City Press was
there, from the thread here,
more on X for Subscribers here
and Substack here
FTC lawyer is questioning Coach's Leigh
Manheim Levine about memo on "reclaim
accessible luxury space."
Now former Kate Spade brand manager Liz Fraser
is being asked about her emails from 2021 and
2022, about Michael Kors pricing
FTC lawyer: Could Kate Spade raise praises as
much as Gucci during COVID? Fraser: No.
FTC lawyer: Kate Spade received confidential
information from Coach, right? Fraser: It
wasn't posited as confidential
Judge: I will now close the courtroom for the
rest of the day, for videos containing
confidential information --
More on X for
Subscribers here
and Substack here
The case is
Federal Trade Commission v.
Tapestry, Inc. et al.,
1:24-cv-3109 (Rochon)
***
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