Article 25 Apr. 2024

Curtis Lawyers Featured in Fortune Article on Future of Accessible Luxury and Antitrust Challenges

Curtis partners Daniela Della Rosa and Donald Hawthorne were both quoted in a Fortune magazine article “Accessible luxury owners of Coach and Versace snap at FTC after it sues to block $8.5 billion merger” that discussed the halt by the FTC to a proposed merger of the two fashion brands Tapestry (company behind Coach, Kate Spade, and Stuart Weitzman) and Capri (company behind Michael Kors, Versace, and Jimmy Choo) on antitrust grounds.

Quoted extensively in the article, corporate partner and fashion, luxury and beauty brands advisor Daniela Della Rosa opined that “the merger would give Tapestry and Capri the chance to take bigger swings at the rest of the luxury market, which is predominantly European.” She further added that “It [the merger] opens the U.S. market more, considering that this was the first opportunity for a potential luxury conglomerate in the U.S., which doesn’t really exist.” Also quoted in the article, Donald Hawthorne, an antitrust and litigation partner anticipates that “they’re [the companies are] going to argue that they face competitive pressures and restraints both from mass market and high-end true luxury.”

Click here to be directed to the full article.