This week will bring more readings on consumer prices from Japan, the UK and Eurozone, plus a financial update from Tapestry, fresh off its acquisition of Capri. That, plus what else to watch for in the coming days.
This week, the Australian label’s founders and private equity backers sold a majority stake to Advent International in a deal valuing the business at just over $1 billion at a time when others in the accessible luxury space have struggled to find buyers.
This week, Ralph Lauren and Michael Kors owner Capri report financial results, and likely clues to how well-off, but not that well-off, consumers are spending their money. That, plus what else to watch for in the coming week.
Consumers are getting pickier about where they shop as inflation and a cooling economy take their toll. Some of the biggest names in fashion and beauty no longer make the cut.
Kering and Burberry top the luxury ranking in this year’s BoF Sustainability Index, while Prada, Capri, Richemont and Tapestry lag.