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According to testimony from a Michael Kors executive cited by Reuters, the company had to discontinue one of its handbag ...

Capri has agreed to be sold to Tapestry. We foresee no financial challenges on Capri’s end that would prevent this deal from going through and Tapestry has already raised the necessary financing.

Coach is a popular brand among Chinese consumers and has room for growth. Bain estimates these consumers will make up about 40% of worldwide luxury good spending in 2030, up from 33% in 2019.

Shares of Burberry, LVMH, and others have had a tough 2024. But there’s no need to worry about an economic slowdown.

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Sometimes you’ll be the hottest thing on the block,” he said. “Sometimes you’ll be lukewarm. Sometimes you’ll be cold.” ...