Complaint

• If allowed, the deal would eliminate direct head-to-head competition between Tapestry’s and Capri’s brands.
• The deal also threatens to eliminate the incentive for the two companies to compete for employees and could negatively affect employees’ wages and workplace benefits.
• Post acquisition, the combined Tapestry and Capri would employ roughly 33,000 employees worldwide.
• It has continuously sought to acquire a variety of fashion brands, successfully pursuing many of its target acquisitions.
• A public version of the complaint will be available and linked to this news release as soon as possible.

• The online portal, HealthyCompetition.gov, allows the public to report potentially unfair and anticompetitive health care practices to the FTC and the Justice Department’s Antitrust Division.
• The launch of the new portal advances the Biden-Harris Administration’s efforts to lower health care and prescription drug costs and help create more competitive health care markets that are fairer to patients, providers, payers, and workers.
• That’s why we are working to tackle anticompetitive practices in the health care markets,” said HHS Secretary Xavier Becerra.
• “The Biden-Harris Administration and HHS know it is our responsibility to stop monopolistic, anti-competitive practices that undermine the delivery of health care to Americans.

• The order must be approved by the court before it can go into effect.
• “As the Commission’s complaint lays out, Cerebral violated its customers’ privacy by revealing their most sensitive mental health conditions across the Internet and in the mail,” said FTC Chair Lina M. Khan.
• “To address this betrayal, the Commission is ordering a first-of-its-kind prohibition that bans Cerebral from using any health information for most advertising purposes."
• Cerebral provides online mental health and related services on a negative option basis, which means consumers are automatically charged unless they cancel those services.

• Despite promising that consumers could “cancel anytime,” Cerebral required its clients to navigate a complex, multi-step, and often multi-day process to cancel.
• The complaint alleges that the company continued to charge consumers while it slow-walked consumers’ cancellation requests, which cost consumers millions in additional charges.
• The proposed order, which must be approved by a federal court before it can go into effect, only applies to Cerebral.

• The Commission voted 3-0 to refer the complaint against Cerebral and Robertson and a stipulated final order with Cerebral to the Department of Justice for filing.
• The DOJ filed the complaint and stipulated order in the U.S. District Court for the Southern District of Florida.

How “location, location, location” can lead to “enforcement, enforcement, enforcement”