Why Jimmy Choo, Michael Kors, Versace and Kate Spade are suddenly one company

The fashion industry is experiencing an unexpected merger, with well-known brands such as Jimmy Choo, Michael Kors, Versace and Kate Spade suddenly united under one roof. But how did this come about? Here’s the quick news.

The unexpected alliance: Jimmy Choo, Michael Kors, Versace and Kate Spade

You’re strolling through the shopping mall and suddenly you realize that Jimmy Choo belongs to Michael Kors, who in turn holds the roof over Versace. And who would have thought it? It all adds up to Capri Holdings, which was recently swallowed up by Tapestry, formerly known as Coach. And when you add all these deals together, it adds up to a pretty big sum – 14.794 billion US dollars to be exact!

Behind the scenes: Why the fashion industry is merging

Well, it’s probably about securing the future. Companies want to invest in new growth opportunities and expand their offering to appeal to even more customers. And with the market getting bigger and bigger, it’s probably better to be part of a bigger picture rather than fighting on your own.

News @ CNBC

Size matters: The importance of mergers and acquisitions in the luxury sector

The fashion industry is following the trend of the big players such as LVMH, Richemont and Kering, which maintain exclusivity despite their size. Against the backdrop of the possible end of the golden age of luxury and the challenges posed by the Chinese market, the question arises of fewer, but higher quality companies.

US luxury brands are also trying to gain a foothold, but the question remains whether customers value them as much as European brands. The fashion industry is constantly changing, from influencers to data-driven analysis, and mergers are just one part of this evolution. The future remains exciting!