Hints and tips:
...The antitrust regulator on Monday alleged that the acquisition would eliminate “head-to-head” competition among the groups’ brands, including Capri’s Michael Kors as well as Tapestry’s Kate Spade and Coach...
...Most interestingly, the FTC refers to Tapestry as a serial acquirer, a business model it says deserves particular scrutiny. This could extend beyond luxury....
...held more than a decade ago, a Delaware corporate law court ruled on Tuesday....
...He will be replaced by Michael Lohscheller, the former chief of Stellantis brand Opel, who joined Nikola in February as president....
...As are executives at Capri Holdings’ Michael Kors unit. The results have so far been promising....
...Founder Ming Zhao, formerly of hedge fund Point72, told Business Insider in an October article: I’m the founder of a stealth fintech startup that helps average retail traders access investment strategies...
...Shares in Capri Holdings — owner of Michael Kors, Jimmy Choo and Versace — have fallen 65 per cent in the past year....
...Tapestry, the group behind Michael Kors, last year bought out the Versace family in a $1.2bn deal....
...So what are they doing here?” she asks....
...Draft regulations by the Communist party would dramatically alter Ant’s business model as a high-tech matchmaker between banks and borrowers, and if the IPO plan returns, it won’t be as colossal....
...Project Runway, the 15-year-old, mass-market show in which fashion moguls such as Michael Kors and Zac Posen judge the work of aspiring designers through a series of contests, has now spawned two streaming...
...Why hasn’t America produced another Michael Kors or Tommy Hilfiger? It’s very expensive for a designer to start up and get momentum now....
...The enterprise value-to-trailing ebitda ratio of about 17 is above that of most recent luxury deals, though not Michael Kors’ purchase last year of Gianni Versace....
...Michael Kors bought shoemaker Jimmy Choo and Versace, changing its name to Capri Holdings to reflect its new portfolio approach....
...“As much as they want to focus on becoming a conglomerate business, you have to do that from a position of strength — you have less credibility in doing that if you don’t stabilise the core brand,” said...
...Tapestry, which is competing with Capri, the company formerly known as Michael Kors, to build the American equivalent of a luxury conglomerate, is increasingly looking to China to boost growth....
...The changes are evident in a string of recent deals that saw closely held family firms sell out. Donatella Versace sold the family catwalk brand to Michael Kors of the US last month for $2.1bn....
...In the quarter including December, Michael Kors reported sales were up 9.2 per cent for its retail business, where it sells its goods through its own stores....
...The European resurgence contrasts with the struggles at US brands such as Coach, Ralph Lauren and Michael Kors, which over-expanded into shopping malls and outlet stores....
...For 10 seasons, Michael Kors sat in the chair next to Klum....
...Like rival Michael Kors, Coach has had a tough run in recent years as its aura of exclusivity has been dented by the ubiquity of its products....
...Luxury goods groups including Burberry, Gucci, Rimowa and Michael Kors have also launched ecommerce services in China....
...Like rival Michael Kors, Coach has had a tough run in recent years as its aura of exclusivity was dented by the ubiquitousness of its products and sales were hit by steep discounting in department stores...
...The company faced a choice: do as little as it could hope to get away with, or back up its rhetoric with breakthrough technology and procedures....
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