Hayley River Smith

A planned merger of fashion groups Tapestry Inc (NYSE:TPR), which owns Kate Spade and Coach, and Capri Holdings, which owns Michael Kors, Versace and Jimmy Choo, has been blocked by the US antitrust watchdog.  Tapestry’s $8.5 billion deal to buy Capri, agreed last August, was halted by the Federal Trade Commission as it said the Coach, Kate Spade and Michael Kors brands are close competitors. "If allowed, the deal would eliminate direct head-to-head competition between Tapestry’s and Capri’s brands. It would also give Tapestry a dominant share of the 'accessible luxury' handbag market," the FTC said.    The commission's Bureau of Competition has sued to block the deal by issuing an administrative complaint and authorized a lawsuit in federal court, alleging that the deal "will eliminate fierce competition between the two companies". Currently, this competition provides consumer benefits on price,... More at #Proactive #ProactiveInvestors http://ow.ly/sV6e105qqyU

A Wave of Fashion House Feature Films on the Horizon Luxury fashion houses are stepping further into the spotlight, but this time, they're behind the camera. A recent article highlights a growing trend of luxury brands producing their own feature films. Saint Laurent Productions, launched just last year, has already secured three films for the upcoming Cannes Film Festival, while LVMH recently announced the formation of 22 Montaigne Entertainment, a division focused on film and television projects. This move suggests a strategic shift for luxury brands, leveraging the power of storytelling to connect with audiences on a deeper level. Could this be the dawn of a new era in luxury brand storytelling? #luxuryfashion #film #contentmarketing #storytelling https://lnkd.in/eSDX8ZXZ