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Federal Trade Commission lawsuitCNBC
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77% Informative
Tapestry and Capri announced the $8.5 billion acquisition last year .
The FTC sued to block the deal in April , saying it will lead to higher prices for consumers.
The outcome of the antitrust case could shape the outlook for the industry that makes the bags, eyeglasses and apparel.
Chanel 's head of merchandising for accessories and leather goods took the stand on Wednesday .
Suwon Yang said customers buy from many brands, but Chanel in its own research focuses on how it stacks up against European luxury lines like Saint Laurent and Hermes .
The FTC argues the deal would bring more sticker shock for American consumers already facing higher prices.
If the deal closes, Tapestry would want to grow all of its brands, Crevoiserat said.
She said the high price tag to acquire Capri only makes sense if it gives the brand both financial support and creative freedom.
The antitrust trial continues on Thursday and is expected to run through early next week .
VR Score
87
Informative language
90
Neutral language
84
Article tone
semi-formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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