High fashion: The Tipline for 19 February 2020
It’s not every day that the worlds of antitrust and luxury goods overlap, but today they do: three former employees of department store Saks are suing the chain and six big-name luxury goods companies over alleged no-poach agreements. They say that skilled salespeople are highly valuable to companies selling expensive luxury items and that Saks and the other companies used anticompetitive employment restrictions to limit their employees’ options. We also have comments from Beau Buffier on Sprint/T-Mobile, plus more details on Evonik and Peroxychem defeating the Federal Trade Commission’s attempt to stall their merger.
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