Fashion designer Michael Kors testified in a federal antitrust trial concerning Tapestry's acquisition of Capri, a merger that could consolidate brands like Coach and Michael Kors under one owner. Kors emphasized the difficulty of staying relevant as brands can quickly rise or fall in popularity due to viral TikTok trends, even for established names like his own. He shared his brand's challenges in remaining relevant and expressed concerns about brand fatigue.
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00:00It's Benzinga, and here's what's on the block.
00:02Fashion designer Michael Kors testified in a federal antitrust trial concerning Tapestry's
00:07acquisition of Capri, a merger that could consolidate brands like Coach and Michael
00:11Kors under one owner.
00:13Kors emphasized the difficulty of staying relevant as brands can quickly rise or fall
00:17in popularity due to viral TikTok trends, even for established names like his own.
00:23He shared his brand's challenges in remaining relevant and expressed concerns about brand
00:27fatigue.
00:28For all things money, visit Benzinga.com.