As fashion companies have grown to embrace a broader purpose, they’ve had to balance social and environmental goals with the profit imperative that drives corporate America. But for Scott Roe, chief operating and chief financial officer at Coach parent Tapestry Inc., it’s a useful balance — one that both pushes the company to contribute to … Read more
LONDON — This is bound to be the year that British pubs become fashionable. First JW Anderson hosted a party at The Devonshire for their collaboration with Guinness and now Kate Spade New York is going the extra mile with a pub takeover in London’s Exmouth Market. The Kate Spade Arms will be run for … Read more
The Federal Trade Commission succeeded in its effort to hit pause on Tapestry Inc.’s $8.5 billion acquisition of Capri Holdings with a preliminary injunction — likely sinking the mega acquisition. The reaction was immediate and sharp. Shares of Capri dropped 47.1 percent to $22 in after-hours trading — a world away from the $57 buyout … Read more
In time for what would have been Iris Apfel’s 103rd birthday, a new book about her vibrant life is being released. Appropriately named “Colorful,” and chockablock with photographs of the style setter with her cropped white hair, bright red lipstick, signature oversize eyeglasses and bold-colored extravagant outfits, the new page-turner turns up the wattage of … Read more
The Federal Trade Commission’s effort to stop Tapestry’s Inc. $8.5 billion acquisition of Capri Holdings is going to define exactly what an “accessible luxury” handbag is — but not yet. Judge Jennifer Rochon, who’s overseeing the case in Manhattan federal court, nixed Tapestry’s request to force the government to disclose its definition of the market … Read more
Tapestry Inc. is already paying up for its deal to buy Capri Holdings — even though the transaction hasn’t closed and is being contested by the Federal Trade Commission. Tapestry’s third-quarter net income slipped 25.3 percent to $139.4 million, or 60 cents a share, from $186.7 million, or 78 cents, a year earlier. That decline … Read more
