On Monday, fashion icon Michael Kors testified in an antitrust trial in Manhattan as a Federal Trade Commission lawsuit filed in April that seeks to block Tapestry’s $8.5 billion acquisition of Capri Holdings. The deal, if approved, would place six major fashion brands under one company: Tapestry’s Coach, Kate Spade, and Stuart Weitzman; and Capri’s Versace, Jimmy Choo, and Michael Kors. The FTC argues this deal would “eliminate direct head-to-head competition between Tapestry’s and Capri’s brands” and give Tapestry a “dominant share” of the accessible luxury handbag market-or bags made from quality leader and craftsmanship offered at a more affordable price. (Fortune)
Kors blamed some of the dwindling business to the nature of social-media marketing and advertising. He used Taylor Swift’s impact as an example. Kors, who’s been in the fashion industry for decades, had never heard of handbag until he saw a photo of Swift carrying it. (Fortune)
On Monday, fashion icon Michael Kors testified in an antitrust trial in Manhattan as a Federal Trade Commission lawsuit filed in April that seeks to block Tapestry’s $8.5 billion acquisition of Capri Holdings.
The deal, if approved, would place six major fashion brands under one company: Tapestry’s Coach, Kate Spade, and Stuart Weitzman; and Capri’s Versace, Jimmy Choo, and Michael Kors. The FTC argues this deal would “eliminate direct head-to-head competition between Tapestry’s and Capri’s brands” and give Tapestry a “dominant share” of the accessible luxury handbag market-or bags made from quality leader and craftsmanship offered at a more affordable price. (Fortune)
Kors blamed some of the dwindling business to the nature of social-media marketing and advertising. He used Taylor Swift’s impact as an example. Kors, who’s been in the fashion industry for decades, had never heard of handbag until he saw a photo of Swift carrying it. (Fortune)
music - amazing!!! Holiday nostalgia 🥲
@@asclepiusschool699 there are many holidays ahead🥰