In a stark warning to the UK government, major retail businesses, including giants such as Tesco, Boots, Marks & Spencer, and Next, have united to express grave concerns over the enormous financial burden that the recent budget will impose on the industry. Their message, communicated through a letter with 79 signatories from the British Retail […]
The Blocking of the Tapestry-Capri Merger Spells Trouble for American Fashion
In a significant and unexpected ruling, a federal judge has halted the $8.5 billion merger between Tapestry, the parent company of Coach, and Capri Holdings, which owns Michael Kors. This decision, delivered by Judge Jennifer Rochon in the Southern District of New York, represents a critical setback for the American fashion industry, which has long […]