EU raids fashion industry over price collusion, Bloomberg reports

EU raided fashion companies over suspected antitrust violations, according to Bloomberg. EU commission says companies may have unfairly colluded and that it sent out info requests to fashion industry, the publication adds. EU regulator hasn’t named companies involved nor has given locations. Publicly traded companies in the space include Capri (CPRI), Tapestry (TPR), LMVH (LVMHY), and Salvatore Ferragamo (SFRGY).