The FTC’s New Target Is Luxury Handbags

Other News, Politics
Reading Time: 2 minutes


Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Barbara Comstock.

Price and Comstock discuss the FTCs efforts to block a merger between two US luxury handbags companies. The FTC wants to block the merger of Tapestry (Coach, Kate Spade, Stuart Weitzman) and Capri (Michael Kors, Jimmy Choo, Versace) because of potential harm to consumers and competition.
According to The Wall Street Journal, “It’s hard not to chuckle at the Federal Trade Commission’s lawsuit last week seeking to block luxury fashion firms Tapestry and Capri from merging in the name of protecting America’s working class. Perhaps in Chair Lina Khan’s elite circles folks who shop at Jimmy Choo think of themselves as the proletariat.”  Comstock wonders the exact same thing.



According to a statement:

“Antitrust law protects American consumers from low-quality goods and services, but Google’s products are highly innovative and free for everyone. The Justice Department’s misguided lawsuit stretches antitrust law beyond its breaking point and risks breaking the very products that Americans love and use every day.”

Barbara represented Virginia’s Tenth Congressional District, was a senior appointee in the Justice Department, and worked as a Congressional aide. Her election marked her as the first woman elected to that seat. She was named as one of the “Top Ten Most Effective Lawmakers” in the 115th Congress by the Center for Effective Lawmaking, a joint effort of the University of Virginia and Vanderbilt University.

According to a statement from Ms. Comstock, “During her time in Congress, Barbara was a leader on technology and cybersecurity issues, chairing the Science, Space, and Technology Committee’s Research and Technology subcommittee, as well as serving on the Joint Economic Committee, the Transportation and Infrastructure Committee, and the House Administration Committee. Her legislative achievements include passing legislation to promote women and disadvantaged populations in STEM, as well as expanding research in the technology space. Barbara also was the leader on anti-sexual harassment legislation in Congress, and legislation to tackle the opioid crisis and gang crime. She partnered with Senator McCain to reauthorize multi-year firefighter grants to increase innovation and public safety. While in Congress, Barbara was the only woman in the Virginia congressional delegation and the only Virginia member to chair a subcommittee.”


For more great national news stories click here.


Share This:

Leave a Reply

The reCAPTCHA verification period has expired. Please reload the page.