Federal Trade Commission
FTC issues final rule banning non-competes across the US; Finds them to be violative of S.5 of the FTC Act
The Commission determined that it is an unfair method of competition, for employers to enter into non-competes with workers and therefore a violation of Section 5 of the FTC Act.
FTC issues administrative complaint vis-à-vis the proposed $8.5 billion acquisition of Capri Holdings Ltd by Tapestry Inc
The Commission expressed concerns that the proposed acquisition by the global lifestyle brand Tapestry has violated the provisions of FTC Act and would eventually eliminate competition in the relevant market of accessible luxury.