Results for: FTC

The Federal Trade Commission (FTC) has approved a rule that would prohibit U.S. companies from enforcing noncompete agreements. These agreements restrict employees from working for competitors for a specified period after leaving their current job. The FTC estimates that approximately 30 million American workers are currently subject to such agreements. The Biden administration has argued that noncompete agreements harm workers by limiting their job mobility and suppressing wages. Business groups have criticized the rule as overreaching and lacking legal authority. A lawsuit by the U.S. Chamber of Commerce is expected to delay the implementation of the rule, and its future could be uncertain depending on the outcome of the 2024 presidential election.

The US Federal Trade Commission (FTC) is suing Tapestry, the parent company of Coach and Kate Spade, in an attempt to block its $8.5 billion USD acquisition of Capri, the owner of Michael Kors, Versace, and Jimmy Choo. The FTC alleges that the deal would eliminate direct competition in the luxury handbag market, resulting in higher prices and reduced innovation for consumers.

The Federal Trade Commission (FTC) has filed a lawsuit to block the proposed $8.5 billion merger between Tapestry, Inc. and Capri Holdings Limited, citing antitrust concerns. Tapestry owns brands such as Coach and Kate Spade, while Capri owns brands like Michael Kors and Versace. The FTC alleges that the deal would eliminate direct competition between the two companies in the ‘accessible luxury’ handbag market, giving Tapestry an unfair advantage. The regulators also expressed concerns about potential negative consequences for workers in the combined company, including lower wages and reduced workplace benefits.

The US Federal Trade Commission (FTC) is expected to ban agreements commonly signed by workers not to join their employers’ competitors. The rule aims to increase worker mobility and suppress their pay, according to the FTC. The proposal has faced criticism from business groups who argue that noncompetes protect trade secrets and promote competitiveness. The rule, if approved, would require companies to scrap existing noncompete agreements and inform employees that they will not be enforced. The FTC estimates the rule could increase workers’ earnings by nearly $300 billion per year and improve job opportunities for 30 million Americans.

The Federal Trade Commission (FTC) is poised to issue a final ruling on the legality of noncompete agreements. The proposed rule seeks to ban most employers from using such clauses, which the FTC argues harm workers and stifle economic growth. The vote comes after months of public feedback and legal scrutiny, with businesses opposing the ban and workers expressing support. The outcome of the vote will have significant implications for the American workforce and businesses alike.

The Federal Trade Commission has filed a lawsuit to prevent Tapestry Inc.’s acquisition of Capri Holdings Ltd., citing antitrust concerns. The complaint alleges that the merger would lead to higher prices for handbags and accessories in the affordable luxury sector, harming consumers.

Kroger and Albertsons have agreed to sell 579 stores to meet regulatory concerns, allowing for their merger to proceed. The stores will be acquired by C&S Wholesale Grocers, who will operate some under Albertsons and Safeway banners.

The Federal Trade Commission (FTC) has expressed concerns over Tapestry’s proposed $8.5 billion acquisition of Capri, citing potential harm to consumers and employees. According to the FTC, the merger would eliminate competition between six brands: Tapestry’s Coach, Kate Spade, and Stuart Weitzman, and Capri’s Michael Kors, Jimmy Choo, and Versace. The FTC alleges that the deal would result in higher prices, fewer choices, and reduced employee benefits. Tapestry has defended the acquisition, arguing that it operates in a competitive market and that the merger would not harm consumers or employees.

The Federal Trade Commission (FTC) has filed a lawsuit to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. The deal would have combined six fashion brands under one company, including Tapestry’s Coach, Kate Spade, and Stuart Weitzman, and Capri’s Versace, Jimmy Choo, and Michael Kors. However, the FTC argues that the merger would harm shoppers and employees by reducing competition and raising prices.

The FTC is suing to block Tapestry’s $8.5 billion acquisition of Capri, arguing that the deal would reduce competition in the luxury fashion market. The lawsuit comes after the companies had received regulatory approval from the EU and Japan.