By Bloomberg Published Apr 29, 2024 A judge set Sept. 9 as the start date for the court hearing on the US Federal Trade Commission’s bid to block Tapestry Inc.’s attempted takeover of rival Capri Holding Ltd. Michael Kors The preliminary injunction hearing will likely last a week and a half, the judge said. If … Read more
On April 26, customers and fashion-savvy citizens will be able to explore the new Michael Kors pop-up store, located within a contemporary gallery in the trendy Marais neighborhood on the city’s right bank. A look inside the Michael Kors pop-up store in Paris – Michael Kors The ephemeral boutique will be open until May 12, … Read more
Burberry’s falling share price puts it in the sights of deep-pocketed groups seeking likely takeover targets, an analyst said this week. See catwalkBurberry – Fall-Winter2024 – 2025 – Womenswear – Londres – ©Launchmetrics/spotlight Although the company’s shares closed slightly higher on Thursday, they’re down over 18% this year and almost 56% in the past 12 … Read more
After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, late on Monday both companies issued statements defending their plans. See catwalkVersace – Spring-Summer2024 – Womenswear – Italie – Milan – © Launchmetrics Tapestry, which owns Coach, Kate Spade and Stuart Weitzman, said: “There is no … Read more
By Bloomberg Published Apr 17, 2024 US antitrust enforcers are preparing a lawsuit seeking to block fashion company Tapestry Inc.’s $8.5 billion planned takeover of Capri Holdings Ltd., according to a person with knowledge of the matter. Coach – SS24 – © Launchmetrics The Federal Trade Commission is expected to file a lawsuit as soon … Read more
By Reuters API Published Apr 15, 2024 Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and … Read more
Once upon a time, fashion brands were meant to be experienced by wearing their offerings or perhaps via smell by wearing their fragrances. Today’s focus on brand experience is driving a new sense: taste. European luxury brands have primarily tapped into this space, with Hermès, Dior, Louis Vuitton, and Prada launching cafes in various global … Read more
By Bloomberg Published Apr 5, 2024 In 2007, Louis Vuitton introduced a new spacious bag in its trademark monogram. Meant as a seasonal beach carry-all, the Neverfull, as it was known, became an instant hit. Part of the appeal was that it was relatively affordable. I purchased one in 2010, and it cost around £600 ($760). Not cheap … Read more
By Bloomberg Published Mar 29, 2024 The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship … Read more
Tapestry Inc. announced on Thursday the appointment of Kevin Hourican and David Elkins to the fashion group’s board of directors, taking the total board count to eleven. See catwalkCoach – Fall-Winter2024 – 2025 – Womenswear – Etats-Unis – New York – ©Launchmetrics/spotlight Hourican currently serves as president and chief executive officer of Sysco Corporation, a role he … Read more
