Summary
The Federal Trade Commission (“FTC”) is said to be planning to file a deal-breaker lawsuit as soon as April 22. The reports come eight months after the two U.S. fashion groups announced they had reached a deal to merge their respective holdings. The FTC has been “much more aggressive during the Biden administration’s attention to antitrust enforcement,” says Brian Quinn, a professor at Boston College Law School. Quinn says that it would not be entirely shocking if the FTC “tried to either block the deal [via litigation] or negotiate some kind of pre-closing remedy [with the parties]”
