This chapter explores the rebranding of Capri Holdings and the acquisition of Michael Kors by Coach's parent company. It discusses the reasons behind the deal, the dominance of both companies in the US handbag market, and their performance in raising prices and brand value.
Nikki Baird, Vice President of Strategy at Aptos Retail and Bloomberg News Economics Editor Molly Smith discuss US CPI data and the outlook for Federal Reserve policy. Bloomberg News US Luxury Retail Reporter Jeannette Neumann and Bloomberg Intelligence Global Luxury Goods Analyst Deborah Aitken report on Coach owner buying Michael Kors parent in $8.5 billion deal. Nicole Baumgarth, Professor of Molecular Microbiology and Immunology at the Johns Hopkins Bloomberg School of Public Health, looks at the increase in Lyme disease in the US. Hayley Berg, Lead Economist at Hopper, talks about what’s driving lower domestic airline prices. And we Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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