The role is changing as fashion companies break “digital” responsibilities out of their siloes, leading some to rethink the position.

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.

How the American ‘accessible luxury’ group Tapestry can capitalise on its newly acquired brands and more from BoF’s Imran Amed.

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.

By putting Coach, Michael Kors, Versace and other brands under one roof, the combined company instantly vaults to the top of US fashion groups and creates something genuinely new in the industry: an American accessible luxury giant.

The parent company of Coach is taking control of the brands, owned by Capri Holdings, to add heft to its portfolio and better compete with Europe’s luxury heavyweights.

The owner of Coach is nearing a deal to buy Michael Kors and Versace owner Capri Holdings, according to a report in the Wall Street Journal.

The American accessories giant says the line will serve as lab to develop new design and production models, starting with a capsule that features patchworked products made from manufacturing scraps. How the project will scale remains unclear.