FTC news and archive

Tapestry x Capri merger blocked: What does this mean for the ‘accessible’ fashion market?

On Thursday, October 24, a US judge opted to block Tapestry’s attempt to buy competitor Capri Holdings, with “loss of head-to-head competition” cited as the reasoning. The case, first brought forward in a lawsuit by the Federal Trade Commission (FTC), became high profile due to its involvement of notable executives and the fact that the merger...

Business

FTC trial against Capri and Tapestry merger ends, judge’s decision awaits

A trial brought by the US Federal Trade Commission (FTC) against a potential merger of luxury goods giants Tapestry and Capri Holdings was brought to a close on Monday, with a federal judge's decision now being awaited. The FTC brought the antitrust case against the duo after Coach-owner Tapestry announced its intention to acquire competitor...

Business

Tapestry's Capri Holdings acquisition faces FTC opposition

The fate of Capri Holdings, the parent company of Michael Kors, is on hold following an ongoing Federal Trade Commission (FTC) lawsuit challenging Tapestry's proposed 8.5 billion dollar acquisition of the group. According to the FTC, the merger of the Coach and Kate Spade brands, owned by the multinational holding company Tapestry, with Michael...

Business

Tapestry responds to FTC's lawsuit blocking acquisition of Capri Holdings

The Federal Trade Commission (FTC) has sued to block Tapestry’s 8.5 billion dollars acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. The Commission issued an administrative complaint and authorised a lawsuit in federal court to...

Business

PETA files FTC complaint against Sustainable Fibre Alliance

As part of an ongoing crackdown into the alleged malpractices of certification programmes, the People for the Ethical Treatment of Animals (PETA) has submitted a complaint to the Federal Trade Commission (FTC) regarding the operations of the Sustainable Fibre Alliance (SFA). According to the animal welfare organisation, the alliance – which...

Business

FTC looks to further crackdown on ‘greenwashing’ with public input

The Federal Trade Commission (FTC) has requested public comment on its potential updates and changes to the Green Guides for the Use of Environmental Changes. It comes as consumer interest in buying environmentally-friendly products continues to rise, clashing with the onset of increasingly evident cases of “greenwashing” by brands, uncovered by...

Business

FTC fines Lions Not Sheep over false ‘Made in USA’ claims

The Federal Trade Commission (FTC) has announced it has finalised its case against Lions Not Sheep Products with a fine issued to both the company and its owner Sean Whalen for false claims that its apparel is ‘Made in the USA’. During its investigation, the FTC said that it had found the brand’s products to actually have been imported from...

Business

FTC targets Kohl’s and Walmart for falsely advertising products as bamboo

The Federal Trade Commission (FTC) has announced it will be taking action against retail giants Kohl’s and Walmart, claiming the duo falsely marketed “dozens of rayon textile products as bamboo”. The commission is calling for both companies to pay penalties of 2.5 million dollars and three million dollars, which the FTC said are the largest...

Apparel

Reebok fined $25 m for make-believe ad

The Federal Trade Commission (FTC) in the US has asked Reebok to pay up $25 million as fine for claiming that its shoes give the perfect posterior. Advertisement of a particular product line shows close up shots of models’ bottoms and claim that with Reebok shoes on, one can achieve the type of shape one wants their bottoms to flaunt… whether a...