Luxury Stocks Are Going Out of Fashion. It's the China Syndrome.
The world's second biggest economy is in a slowdown. High-end retailers were counting on the wealthy opening their wallets. Now what?
Source: marketwatch.com
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Top News In Fr Mc Today - Breaking & Trending Today
Coach and Michael Kors Tie-Up Shows Limits of Accessible Luxury
Affordable luxury has been a slow-growth category, and its prospects don’t look great either
Source: wsj.com
Rolex to Buy Watch Retailer Bucherer
Swiss watchmaker will expand retail operation with the deal
Source: wsj.com
Capri Stock Soars as Tapestry Nears Deal to Buy Versace Owner
The merger would leave the combined company better placed to compete with the likes of LVMH Moët Hennessy Louis Vuitton and Gucci parent Kering.
Source: marketwatch.com
America's New Fashion Powerhouse Is Still Dwarfed by Europe's Luxury Giants
Tapestry’s $8.5 billion acquisition of Capri would create a U.S. conglomerate without the high-wattage labels and diversity that have fueled LVMH’s success
Source: wsj.com