Salestorrs’ Post

A recent ruling has blocked the merger between luxury powerhouses Tapestry and Capri Holdings, citing concerns over reduced competition in the "accessible luxury" market. With brands like Coach and Michael Kors caught in the mix, this decision could reshape the fashion landscape as we know it. The case highlights the tension between market power and consumer choice, making it a pivotal moment for the industry. Tapestry and Capri plan to appeal. #SchroderDavisLaw #FashionLaw #EntertainmentLaw #IPLaw #Designer #Tapestry #Capri https://lnkd.in/eNS_UM6S

All these antitrust headlines today, make me feel so fashionable. It was fun responding to questions from MarketWatch's William Peters, thinking about "accessible luxury" as a defensible product market and the FTC's challenge to the proposed Tapestry/Capri deal. The FTC's complaint is worth a read, it doubles as a meditation on the "very distinct" hierarchies of luxury and what constitutes "true luxury." "[D]espite its incorporation of the word 'luxury,' 'accessible luxury' is very distinct from what the parties and other industry players call 'luxury,' 'true luxury,' 'high-end luxury' or 'European luxury' (hereinafter, 'true luxury') brands..." #antitrust #FTC #luxury

Tapestry, Inc. and Capri Holdings Limited are fierce competitors across various product lines, including clothing, eyewear, and shoes. 👗👓👠 In April, the Federal Trade Commission (FTC) filed a lawsuit to block Tapestry, Inc.'s $8.5 billion acquisition of Capri Holdings Limited. This deal aims to merge three close competitors: Tapestry's Coach and Kate Spade brands with Capri's Michael Kors brand. ❌❌ The FTC alleges that this acquisition would eliminate intense competition between the two companies and would grant Tapestry a dominant market share in the "accessible luxury" handbag market. 👜 There are steps conglomerates can and should take to ensure their growth strategies are not considered anti-competitive. We can help. #HenriesPLLC #WeCanHelp #LegalSupport #TapestryInc #CapriHoldings #Coach #KateSpade #MichaelKors #FTCLawsuit #AccessibleLuxury #HandbagMarket #FashionIndustry #MergersAndAcquisitions #Competition #LuxuryFashion #FashionNews

Tapestry, Inc. and Capri Holdings Limited are fierce competitors across various product lines, including clothing, eyewear, and shoes. 👗👓👠 In April, the Federal Trade Commission (FTC) filed a lawsuit to block Tapestry, Inc.'s $8.5 billion acquisition of Capri Holdings Limited. This deal aims to merge three close competitors: Tapestry's Coach and Kate Spade brands with Capri's Michael Kors brand. ❌❌ The FTC alleges that this acquisition would eliminate intense competition between the two companies and would grant Tapestry a dominant market share in the "accessible luxury" handbag market. 👜 There are steps conglomerates can and should take to ensure their growth strategies are not considered anti-competitive. We can help. #HenriesPLLC #WeCanHelp #LegalSupport #TapestryInc #CapriHoldings #Coach #KateSpade #MichaelKors #FTCLawsuit #AccessibleLuxury #HandbagMarket #FashionIndustry #MergersAndAcquisitions #Competition #LuxuryFashion #FashionNews

What Everyone Gets Wrong About Luxury Handbags The blocked merger between Tapestry (the parent company of Coach and Kate Spade) and Capri Holdings (owner of Michael Kors) shows how misunderstandings about "accessible luxury" are shaping big business decisions. The FTC argued that merging these brands would limit competition, leading to fewer discounts and higher prices for customers. But Tapestry claimed these brands face competition from both high-end and mainstream fashion, making the market more complex. Accessible luxury—brands that sit between high fashion and affordable options—meets a unique demand, offering luxury style without a high price tag. But as the FTC’s decision highlights, some regulators may not see the full picture of how these brands compete with each other and others. Do you think accessible luxury is its own category, or just part of the broader fashion landscape? #AccessibleLuxury #LuxuryHandbags #Coach #MichaelKors #FashionBusiness #FTC #FashionIndustry #LuxuryMarket #Tapestry #CapriHoldings #BrandStrategy #AffordableLuxury #LuxuryTrends #ConsumerInsights

The 2 most recent LVMH promotions (Serge Bianchi and Frederic Arnault today) have one point in common: A strong background in hard luxury (watches and jewelry) which is probably the aera where LVMH will continue to make big acquisitions

Tapestry's $8.5 billion acquisition of Capri faces a significant obstacle as the Federal Trade Commission (FTC) filed a lawsuit to block the merger. The FTC argues that the deal would further limit competition across price, discounts, promotions, innovation, design, marketing, and advertising. The FTC's antitrust decision centers around the "accessible luxury" handbag market, a term coined by Tapestry. This market describes high-quality leather and craftsmanship handbags at an affordable price. If approved, the deal would eliminate direct competition between Tapestry and Capri's brands and give Tapestry a dominant share of the market. The merger would combine Coach, Michael Kors, Kate Spade, Stuart Weitzman, Jimmy Choo, and Versace. Read more about the FTC's lawsuit on Vogue Business. #Tapestry #Capri #FTC #antitrust #fashionindustry #fashionlaw #regulatoryaffairs #policy #accessibleluxury #handbag

Here are my two cents on why Ralph Lauren continues to put up a strong show quarter on quarter despite so much volatility in the market: Ralph Lauren's sustained success can be attributed to its strategic emphasis on three pivotal aspects: brand elevation, engaging the younger demographic, and fortifying its core values. By staying committed to its original DNA which is rooted in sports, Ralph Lauren has strategically partnered with high-profile sporting events like Wimbledon, US Open, French Open, the Olympics, and the PGA Tour. These collaborations have expanded its global reach permeating through varied segments of consumers, and are now paying off well by creating a meaningful impact on its global brand equity & elevating the brand’s perception & positioning in both new as well existing markets. Further, these sports partnerships are infusing fresh energy into the brand & making it more relevant for the young consumers. Brand’s relentless focus on its core values like authenticity, timelessness & quality has ensured that its core consumer stay engaged across all platforms. As a result, the brand has not only managed to stay relevant with its core consumers, who are usually resilient during tough times, but also been able to engage & recruit next gen consumers successfully. The brand is resonating really well right now with both these consumer segments which is translating into business growth despite a tepid business environment globally. #ralphlauren #businesscase #retailstrategy #brandmanagement #luxuryretail #poloralphlauren #businessdevelopment

The Federal Trade Commission (FTC) has filed a lawsuit to block the $8.5 billion merger of luxury fashion conglomerates Tapestry and Capri Holdings. The FTC argues that the merger would result in higher prices for U.S. consumers and potentially worsen conditions for hourly workers. The merger would unite Tapestry's brands (Coach, Kate Spade, and Stuart Weitzman) with Capri's brands (Versace, Jimmy Choo, and Michael Kors), potentially making them more competitive against European luxury fashion conglomerates, like LVMH and Kering. The acquisition would also allow Tapestry to increase its global reach and move into a higher-end segment of the fashion industry. https://lnkd.in/gpygAHvZ

Not all luxury items are liabilities! 📈 The numbers speak for themselves: from 2007 to 2024, investing in a Louis Vuitton bag has yielded a remarkable 214% return, outpacing both gold and the S&P 500. 💼 Luxury investments can be more than just status symbols; they can also offer substantial returns. This data challenges the conventional wisdom about assets and liabilities, proving that strategic luxury purchases can be smart financial decisions. #Investing #LuxuryGoods #FinancialWisdom #LouisVuitton #WealthManagement #InvestmentStrategy