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NEW YORK, Sept 10 (Reuters) - Fashion holding company Tapestry (TPR.N) has room to raise prices and lower discounts on rival Capri's (CPRI.N) Michael Kors brand if the companies merged, a top.Michael Kors owner Capri Holdings on Wednesday reported a 24% jump in holiday-quarter s. Michael Kors will continue to raise prices and be less promotional, executives .
NEW YORK, Sept 10 (Reuters) - Fashion holding company Tapestry (TPR.N) has room to raise prices and lower discounts on rival Capri's (CPRI.N) Michael Kors brand if the companies merged, a top. Michael Kors will continue to raise prices and be less promotional, executives from parent company Capri Holdings said.
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The FTC doesn’t seem to understand that what they sell—what they’ve sold for decades—isn’t just handbags. They’re handbags that cost roughly 0 to 0. That price range, and its . The owner of Michael Kors and Jimmy Choo says prices at both brands will increase during the coming months as the company eschews the major discounts that have dinged revenue in the past.
Capri Holdings, parent of Versace, Michael Kors and Jimmy Choo, said a strong performance in the US boosted by price increases at Michael Kors led to a rebound in annual profits. The company reported a record-high .65 billion in revenue for 2022, a 39 per cent increase, though it was cautious on its outlook for 2023 amid concerns about China . The luxury conglomerate behind Coach, Kate Spade and Stuart Weitzman is growing by three more brands with the .5 billion purchase of Michael Kors-founded Capri Holdings Limited, merging two. Michael Kors owner Capri Holdings on Wednesday reported a 24% jump in holiday-quarter sales and raised its full-year outlook, saying it would further increase prices across its brands to take.
Fashion holding company Tapestry has room to raise prices and lower discounts on rival Capri's Michael Kors brand if the companies merged, a top Tapestry executive testified on Tuesday as regulators sought to block the .5 billion deal. As top luxury labels raise prices and tighten distribution, designer bags are garnering higher prices at resale, with some styles from coveted brands retaining a significant portion of their retail value long after purchase. A federal judge blocked Tapestry TPR 0.93% from closing its acquisition of rival Capri CPRI -10.16%, dealing a blow to their ambitions to create a house of brands that would include Coach, Kate.NEW YORK, Sept 10 (Reuters) - Fashion holding company Tapestry (TPR.N) has room to raise prices and lower discounts on rival Capri's (CPRI.N) Michael Kors brand if the companies merged, a top.
Michael Kors will continue to raise prices and be less promotional, executives from parent company Capri Holdings said.
The FTC doesn’t seem to understand that what they sell—what they’ve sold for decades—isn’t just handbags. They’re handbags that cost roughly 0 to 0. That price range, and its . The owner of Michael Kors and Jimmy Choo says prices at both brands will increase during the coming months as the company eschews the major discounts that have dinged revenue in the past. Capri Holdings, parent of Versace, Michael Kors and Jimmy Choo, said a strong performance in the US boosted by price increases at Michael Kors led to a rebound in annual profits. The company reported a record-high .65 billion in revenue for 2022, a 39 per cent increase, though it was cautious on its outlook for 2023 amid concerns about China . The luxury conglomerate behind Coach, Kate Spade and Stuart Weitzman is growing by three more brands with the .5 billion purchase of Michael Kors-founded Capri Holdings Limited, merging two.
Michael Kors owner Capri Holdings on Wednesday reported a 24% jump in holiday-quarter sales and raised its full-year outlook, saying it would further increase prices across its brands to take. Fashion holding company Tapestry has room to raise prices and lower discounts on rival Capri's Michael Kors brand if the companies merged, a top Tapestry executive testified on Tuesday as regulators sought to block the .5 billion deal. As top luxury labels raise prices and tighten distribution, designer bags are garnering higher prices at resale, with some styles from coveted brands retaining a significant portion of their retail value long after purchase.
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