This Week in Fashion Law: A win for the FTC, Metabirkins, Resale Investments & More
Each week, TFL reports on newly-filed lawsuits and developments in existing litigation - often covering relevant news (and more importantly, what it means) to readers before other sites. We also regularly delve into budding legal and business trends, and track major M&A deals to give you a comprehensive view of the fashion/retail segment.
Here is a brief snapshot of some of the biggest news and other events that took place this week ...
Judge Preliminarily Blocks Tapestry-Capri Merger in Win for the FTC. A federal judge blocked the proposed $8.5 billion merger between Tapestry and Capri Holdings on Thursday, granting the FTC’s motion for a preliminary injunction to put a hold on the fashion giants’ merger and sending the case back down to the administrative level for further proceedings.
Former Abercrombie CEO Charged With Sex Trafficking Amid Lawsuit. Mike Jeffries, the former CEO of Abercrombie, was arrested on sex trafficking and interstate prostitution charges in West Palm Beach, Florida on Tuesday.
Hermès and Rothschild’s MetaBirkins Fight Heads to the Second Circuit. The trademark battle between Hermès and Mason Rothschild over the latter’s MetaBirkins non-fungible tokens is not over.
Our?Running Timeline of Resale Investments and M&A?is up to date. The newest deal on this list: Vinted has closed a secondary share sale of €340 million led by TPG, a global alternative asset manager.
Trump Watches Are at the Center of New Copyright Infringement Allegations. The AP sent a cease-and-desist letter to TheBestWatchesonEarth LLC over its unauthorized use of an image in marketing former President Trump’s new watch brand, “Trump Watches.”
For a deeper dive and additional news and analysis, visit www.thefashionlaw.com