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Why Jimmy Choo, Michael Kors, Versace, Kate Spade Are Suddenly One Company
Рет қаралды 267,263
Күн бұрынRising rates, sticky inflation and the prospect of slowing consumer spending have sparked a flurry of deals in the fashion industry as companies look to mergers and acquisitions for growth. The trend of fashion consolidation among U.S.-based brands is mirroring the pattern of LVMH in Europe, a mega fashion brand that has aggressively expanded via acquisitions.
Watch the video above to learn more about the trends fueling fashion's merger mania.
Producer, shot, and edited by: Kate Sammer
Supervising Producer: Jeff Morganteen
Additional camera: DeLon Thorton, Sean Conolon, Brad Howard
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Why Jimmy Choo, Michael Kors, Versace, Kate Spade Are Suddenly One Company
@goldsilverandiamonds 9 ай бұрын
Mass produced mega corporate "luxury" is not luxury.
@JINGLI-sf7tz 9 ай бұрын
Better words for this is artificial scarcity.
@alotofmore 9 ай бұрын
Valid. “The allure of being small and unique” really hit home for me.
@r3dp1ll 9 ай бұрын
@@JINGLI-sf7tz and heavy / precise marketing
@lenaely6146 9 ай бұрын
🎯. Exactly. People have no idea anymore. They're just following the media hype.
@Chicago48 9 ай бұрын
Knockoffs are taking away the Luxury reputation.
@Striker50_ 9 ай бұрын
LITERALLY everything is owned by LVMH at this point... No thanks to all these brands
@walterbernstein2011 9 ай бұрын
Kering shouldn’t be slept on. They’ve been a thorn in a lot of fashion houses side
@RayNLA 9 ай бұрын
Check out Loewe!
@lenaely6146 9 ай бұрын
🎯
@lenaely6146 9 ай бұрын
@@walterbernstein2011🎯
@Towelie- 9 ай бұрын
It’s not just LVMH. They literally mentioned the major ones, LVMH, Kering, Richemont and now Tapestry.
@ItsFreakinJesus 9 ай бұрын
Or, maybe we should stop thinking infinite growth is possible and then none of these companies would feel the need to merge as long as their niches remain healthy.
@thunderfire741 9 ай бұрын
Unfortunately this is an underlying business/account assumption that continued growth is always expected. Further, stock markets are forward looking, meaning any change in tragectory will hurt stock prices and increase cost of capital amoung other negatives.
@cloudcyclone 9 ай бұрын
totally, companies only afloat from constant cash injections from investors, rising stocks, or survival off loans alone, and then expecting growth every year, is pure insanity to me. Stock and shareholders are the reason [i think] that these crazy expectations exist that every company needs to delivery growing numbers every year, why? only to effect stocks, which at the end of the day does not matter in reality. Stocks are gambling, and those who risk their excess money gambling should NOT determine what companies accomplish or measure as success. Companies need to get back to serving customers and humanity, not the rich who gamble in the market.
@kushpatel8199 9 ай бұрын
Buffett would be horrified
@vijaz5559 9 ай бұрын
this is a loser mentality 🤣🤣🤣
@GameFuMaster 9 ай бұрын
infinite growth is possible and necessary, simply because of inflation. I doubt you'd be happy earning the average 1960 salary (without adjustment)
@dianamechoulam4161 9 ай бұрын
It’s not exclusive anymore. People used to buy it because of individuality and originality. And now it’s faceless and even the quality is questionable. The real lux of these days is to be yourself.
@crimsontranquility 8 ай бұрын
Honestly, respect to Hermes and Chanel for staying privately owned and independent. Says a lot that they’re considered the top 2 luxury fashion brands and aren’t part of a conglomerate.
@Yarmox 8 ай бұрын
But all these brands look almost the same. Just a different logo on them.
@paulbonifacio901 8 ай бұрын
I think prada is still privately owned, and not aren’t part of a conglomerate
@leonardos2925 6 ай бұрын
Agree with you.
@biboebbs624 2 ай бұрын
@@Yarmoxnot hermes
@thomasmoll8822 9 ай бұрын
Astonishing that CNBC seems to ignore the difference between the fashion and the luxury concepts and uses both like synonyms 🤔
@Whatnok 8 ай бұрын
Exactly
@zeeshanzia6364 9 ай бұрын
Used to have a ton of them and now I have realised it’s literally not worth it In fact mid level company like Levi’s Nike make better apparel rather than Louis Vuitton coach and stuff It’s not worth it spending on luxury brands at this point
@imjody 9 ай бұрын
Pretty soon every company in every sector will have its own "Big 3" corporations that own the hundreds, or even thousands of smaller companies and/or brands. It's actually a disgrace. I wish companies wouldn't sell out, so that they can keep on their exact desired path, rather than having to listen to new board members and owners under an umbrella.
@eddieg6436 9 ай бұрын
The QUALITY of items at Versace (hard rubber accessories, silicone medusas, cheap looking shoes) has gone down considerably since the merger. It’s sad. Versace used to be of the highest quality. I no longer shop there. 🤔🤷🏼♂️🤔🤷🏼♂️
@IkaneishaJenkins 8 ай бұрын
Agreed!
@philiplieu3889 7 ай бұрын
Versace is starting to give me unnecessary flashy Ed Hardy vibes
@eddieg6436 7 ай бұрын
@@philiplieu3889 …..their prices, (and quality) are going down.
@amazon4716 9 ай бұрын
So coach owns everything. Wow.
@SnappyWasHere 9 ай бұрын
The dystopian monopoly future of the USA worries me. We’ll end up with each industry being just one country and we’ll be back to the days of kings and paupers and only have what they allow us to have. 😢😢
@mr.188 9 ай бұрын
Its called Corpocracy or something. The book, "Cloud Atlas" (what the movie is based on) had chapters on this. The original book before the movie came out. But yea, corporations rule the world & you are raised depending on where you are born, into the culture & indoctrination to be a corporate worker. Parents, grandparents, etc. to serve the Consumer class.
@alexfleming6304 9 ай бұрын
Thats the Plan. Wiping out small business and making a cookie cutter society.
@RarebitFiends 9 ай бұрын
Future? You mean now?
@SnappyWasHere 9 ай бұрын
@@RarebitFiends So true. 😕
@cloudcyclone 9 ай бұрын
yes constant growth in a company is generally not possible forever, yet publicly traded corps have to serve shareholders above all else, above the customer, above humanity. But stocks are a gambling system and not reality, so of course the gamed system is not compatible with real life economies and actual people. So these guys are scared to lose the game, even though if they didnt have to play the game they would be perfectly fine for decades...
@ericmax978 9 ай бұрын
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly😊
@Brigh578 9 ай бұрын
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this, are you a pro investor?
@ericmax978 9 ай бұрын
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi
@ericmax978 9 ай бұрын
The adviser I'm in touch with is *CAROLINA MELINA PHERSON* she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me she strategy works hence my result. She provides entry and exit point for the securities I focus on.
@swahareddy8822 8 ай бұрын
Wow, these bots have begun to talk to each other now
@curlyhairdudeify 7 ай бұрын
This is an "investment scam" thread.
@JTSunriseMusic 9 ай бұрын
Fashion is pointless but is what corporations do, consolidate and put people out of work
@willcookmakeup 8 ай бұрын
Kinda sad how there aren't mom and pop little boutique shops that make all their own clothes
@KaleighMacKay 9 ай бұрын
Paying a months or more rent for a purse is stupid. It’s made in the same factories as the cheap ones.
@qwenqwen1476 6 ай бұрын
Some purses are a price of a house! But I guess a plastic bag or small brown bag would do too.
@leonardos2925 6 ай бұрын
Here is where rightists and leftists agree, Republicans and Democrats, capitalists and socialists... LOL. Don't let them rip you off, these brands are treating their costumers like fools, don't be one of them: even if it is cheap for you.
@franciscoramirez7960 9 ай бұрын
This massive consolidation is the end of capitalism. The result will be a monopoly where a single company controls the price of a specific sector, but the average consumer will be unaware. The lack of real competition will result in high prices but a reduction in quality. The high prices we see around us are not a result of inflation but consolidation in other sectors. For example, Nestle owns over 2k companies worldwide, which the consumer thinks are competing for your dollar, but are not because they are buddies. As the consumer, regardless of which brand you choose, your dollar will end up in the same bank account. Nestle has no incentive to lower prices. The same thing is happening in fashion now…
@Vitagirl 7 ай бұрын
So funny that so few know this!! We are conditioned to think that these are stand alone brands and even compare the quality!! Branding is insane
@user-ys8ew2rd4p 9 ай бұрын
Indulging in luxury works in moderation but belies insecurity, addiction and narcissism for many trapped by materialism and social media. Serves them right
@LearnToWin9638 9 ай бұрын
Eventually in due time…LV will buy out this luxury brand 💯🤷🏻♂️
@kaylaEA_ 9 ай бұрын
I hope not, their quality sucks compared to Coach.
@aaronjanlistanco 9 ай бұрын
The French have LVMH and Americans have Tapestry/Capri Holdings
@andresbonelli1826 9 ай бұрын
A monopoly in styles and design choices is also a way of increasing profit (+ production and transportation infrastructure advantages)
@humantravesty4603 8 ай бұрын
The illusion of luxury…
@ronjr831 9 ай бұрын
I think the luxury industry is going to grow. The rich and newly created rich will want more of the finer things in life. They will settle for nothing less !
@Chicago48 9 ай бұрын
There are toooo many knockoffs and look alikes. Women don't care about luxury purses anymore.
@fashionwithoutlabels 9 ай бұрын
You are delushional
@kafenadedmusic 8 ай бұрын
I agree. Luxury is never going away. Look at history.
@santamariamarvy 9 ай бұрын
For me luxury is true rarity. Not induced rarity. True rarity. Jacket made of glow worm silk. Albino crow feather hat. That type of rarity.
@leoprg5330 9 ай бұрын
Yeah, or glow in a dark coat from a whale with buttons from stones found on a moon sawn together with a thread made by blind nuns in a convent in Greece!
@SimplySheilaB 9 ай бұрын
@@leoprg5330oooooo I’ve got one, the quality is beyond measure 😂❤❤
@user-mt3np7ko8q 9 ай бұрын
There are so many conglumerates merging brands and pushing out new brands. Different brands differentiate consummers or exploit the market deeply even more.
@HindiFresh 27 күн бұрын
he variety of textures in the DUPBAGY pack is impressive. From smooth leather to textured suede, there's something for everyone.
@ruzzelladrian907 9 ай бұрын
Good. Because LVMH shouldn’t be the only conglomerate around. There’s Kering, which was also born out of necessity as LVMH wanted to buy Gucci. So, to shield Gucci from the threat of LVMH, they created Kering.
@AntonioLawrence-jj4vj 9 ай бұрын
Great reporting, editing and commentary.
@tsukuneboy 7 ай бұрын
They shoukd name it Choo, Kors, Spade and associates
@stargazeronesixseven 9 ай бұрын
They are under One Company?! 😮
@user-sn2oq4qt7b 9 ай бұрын
All this brand are not luxury brand in my opinion. Retail brand, brand u see in department store section of a mall. People who will buy MK o kate spade are those who cant affford small LV purse thats why theres coach for u
@terrence2309 9 ай бұрын
s t f. u very arrogant
@LaplacianFourier 9 ай бұрын
Illusion of choice.
@divyanshrai4017 9 ай бұрын
Most of it manufactured in india
@alotofmore 9 ай бұрын
China, Bangladesh, and Portugal.
@MuiKaHo 9 ай бұрын
@@alotofmore turkey and vietnam too. China is slowly dying out since its getting expensive.
@rahimi4762 9 ай бұрын
Handcrafted. Sorry
@DhrubajyotiRaja01 9 ай бұрын
*Nope, it is not. Atleast not Leather Bags, Luxury Jewellery, Luxury Watches or Luxury Cosmetics and fragrances.*
@saulgoodman2018 9 ай бұрын
And so?
@weareorigin 9 ай бұрын
Size matters. A mom and pop grocery cannot compete with Walmart. A small salon has no chance against a salon with 7 times more employees
@trainwreck420ish 9 ай бұрын
Sometimes. But if you live in a big enough market, you can carve out a nice niche if you're good.
@q3itachyon209 9 ай бұрын
I'm not going to buy any of those over-priced items, thank you
@JINGLI-sf7tz 9 ай бұрын
Buying luxury is a wired competition in which one wins the vanity by shopping exorbitant manufacture productions.
@phoenix5054 9 ай бұрын
I'm still waiting for when Richemont or LVMH acquires Swatch.
@mistermood4164 9 ай бұрын
its bound to happen
@thomasmoll8822 9 ай бұрын
No it’s not… Richemont doesn’t need more watch brands AND has already proven its incapability to manage entry-level luxury ones.
@j.frankparnell6195 9 ай бұрын
It's called monopolization, and it seems to be legal now.
@cybercraft5393 9 ай бұрын
I guess partly because it's not something essential it doesn't matter if it's allowed to happen. Not saying that it's good at all, except for shareholders.
@kauigirl808 9 ай бұрын
Kate Spade is super affordable. I love the styles the brand offers.
@Shineynsparkles 8 ай бұрын
Let’s be honest a lot of designer stores aren’t making bank !!!!
@greyfox3931 8 ай бұрын
Love the style of the video and the soothing music
@Iquey 9 ай бұрын
At this point i would rather but still cool from an artist on Etsy who I know is a human artist and not a drop shipper
@di5833 9 ай бұрын
✨✨✨Yeah well… what if the company gets cancelled and down goes the designers completely. Can the hate just please stop. Kate Spade you will always be in our memories. ✨✨✨
@mamastay164 8 ай бұрын
I don't need that expensive stuff. I'm living life and spending time with friends and family. I truly believe the end of the world has begun.
@Mr_CAM0 9 ай бұрын
Because all these brands have one mission? Make more money. Using 3rd world kids to make overpriced clothes.
@rahimi4762 9 ай бұрын
Nope. Some are handcrafted. You talking bout cheap disposable clothes. THE STUFF YOU WEAR
@Mr_CAM0 9 ай бұрын
@@rahimi4762 course that name you are clearly Indian. So I don't expect much from you past trying to convince me your name is Jake and my warranty is about to expire.
@turquesa_8056 8 ай бұрын
You would have to make your own items to ensure they weren't done that way.
@TheSouthernMensch 9 ай бұрын
They all weren’t making money.
@kallemueller3194 9 ай бұрын
I think these brands have not been performing well in recent years, this is why they had to merge or get taken over. The luxury industry looks like it is hihgly profitable, this is only true though for the top performers in the industry. That does not necessarily mean you have to be big, look at Moncler for example, compared to LVMH they are small, but highly desired and therefore profitable.
@aaronjanlistanco 9 ай бұрын
I was shocked that Tapestry was buying Capri Holdings.. which Capri Holdings have the most luxury for the consumers because Capri Holdings have Jimmy Choo, Versace & Michael Kors.. against Tapestry only have Kate Spade New York, Coach & Stuart Weitzman which less selling brands.. which still no updates about that even in each websites of Tapestry or the Capri Holdings yet
@rob6008 9 ай бұрын
Cheap not selling less in my opinion I’m from the hood
@danielzhang1916 9 ай бұрын
Everyone is buying the other ones, small brands can't survive on their own anymore, the market isn't like 20 years ago
@3marianrosariodiazhdz3 8 ай бұрын
Well I Wish Model @Beautiful Fashion CAPRI!! ❤😊
@w.urlitzer1869 8 ай бұрын
luxury in this sense is dead.
@janesung819 8 ай бұрын
But I only love coach,the hole history!
@walterbernstein2011 9 ай бұрын
Nobody wants American luxury brands. They’re like the Donald Trump of fashion houses.
@aaronjanlistanco 9 ай бұрын
same as the film production merger..
@amb8354 8 ай бұрын
When I see beautiful thing to me, It's beautiful in my eyes, doesn't matter the brand. Well that's me 😊 buy things that makes you happy.
@ericB3444 8 ай бұрын
They should combine target and Lululemon because they both have red in the label. They both sell rice they both sell pant.
@user-sn2oq4qt7b 9 ай бұрын
When i heard that they need to create a illusion that ur small? well compared to LVMH yes u r small u dont have to create illusion
@ningsaetiew2359 9 ай бұрын
In Southeast Asia,it's popular, people're insane to buy these brands more and more.
@Shh007 8 ай бұрын
All my Chinese bags say Made in France 🇫🇷 and I didn’t have to pay thousands
@user-gb9js6cp6v 9 ай бұрын
Jimmy Mick Ver Spade was it now ??😅😅
@FineNaturalHairROCKS 7 ай бұрын
Interesting. I'll be keeping my dollars in my pocket on a going-forward basis.
@OS1540 9 ай бұрын
Yes, growth through M&A until we have monopolies and govt and SEC tries to break them up
@user-gb9js6cp6v 9 ай бұрын
Kate Choo Khors Versace was it now ?? 😅😅
@dianakircher4565 2 ай бұрын
This did not happen “all of a sudden”. Versace was with jimmy choo and Michael koors for years
@kxmode 9 ай бұрын
If everyone is special then no one is special.
@luksdoc 9 ай бұрын
Women will never stop buying beautiful handbags and shoes. Newly rich men will always splash some money on their chicks to secure them and show their power. Instagram further fuels this. Long story short - I'm very bullish!
@Czechbound 9 ай бұрын
Have you looked at American brands like Polo, Gant, Nautica etc, I challenge anyone to look at an undated photo of one of their store offerings and know what year it came from. Their stuff hasn't changed in 20 years. Why would any fashion conscious European or Asian person be bothered with those brands ...
@leoprg5330 9 ай бұрын
Actually both Gant and Polo are very popular in Europe. What's bad about not changing in 20 years? (Yes, they are evolving slightly) I don't need to change my wardrobe every year, there are more important things in life than following fads.
@Czechbound 9 ай бұрын
@@leoprg5330 polo are popular as their stores are usually anchor tenants in outlet malls in Europe. When was the last time most people saw a Gant logo ? Their shops are in lots of European malls, and no, there is never any customers in them. Neither of these brands is a fashion brand. They are clothing brands. You have to go up to Ralph Lauren purple label to get anything approaching fashion, and even then, that line's suits are made by Corneliani
@babarfahim6859 9 ай бұрын
one body share blood among different organs ... money bucket (expenses, profits, research) can be shared (depending on how gov rules apply) for future progress. (Beggars prioritize money)
@juliarichter6987 9 ай бұрын
Because they can make more money by selling stupid things to stupid people?
@uberenthusiasts 9 ай бұрын
Awe Julia can’t afford luxury designers lmaooo . Should’ve married better like me beyotch
@juliarichter6987 9 ай бұрын
@@uberenthusiasts Your uber is a Ferrari, I guess😘.
@AceChampElite 9 ай бұрын
Luxottica?
@bonwatcher 8 ай бұрын
When you can markup your items 15 to 50 times the cost of producing it, it's called printing money and in leather goods that is probably a very conservative figure.
@mikem3789 8 ай бұрын
Inflation?
@niamarieturek9281 8 ай бұрын
I hear a lot of people aren’t buying luxury because the quality has gone down. I don’t see the need to spend money on things went I’m happy saving for retirement!
@NamNguyen-kc6ud 7 ай бұрын
There are two types of consumers. The first one only knows about buying luxuries. The others love fashion. Versace is not a clothes company! It's style, trend, fashion house. So as long as Donatella still be the chef of Versace. I don't think its value going down anywhere.
@Wellfitaj 9 ай бұрын
It’s so easy to brainwash women to buy overpriced clothing.
@user-sg3lz6er1l 8 ай бұрын
Boyscot all this store people
@curlyhairdudeify 7 ай бұрын
One you grow out of it. You realize the waste of money that they actually are. But for the most part. Nothing beats Coach's glove tanned leather. I bought a LV "gym" bag; I was expecting so much more it was a super thin cotton canvas. I imagined that their bags were lined, but they are not. Then, the vaccheta leather started cracking. And that was it for the "luxury" sector. I bought a Coach weekender bag; solid and sturdy glove tanned leather, heavy nylon lining, thick coated canvas. The quality is much better.
@greendsnow 8 ай бұрын
1:12 This is Andrea Sachs in a parallel universe where she decided to stay with Miranda Priestly and the movie kept going...
@raquelgeneve 8 ай бұрын
The rich being richier
@kevinpark86 9 ай бұрын
Sorry but am i the only one who thinks that people wearing luxury brands are superficial and fake? Especially in the business, if I am the buyer I will not go with people who wears LV, Prada, Chanel etc...they need to get their priorities straight
@critical_always 9 ай бұрын
I would go out with people wearing brands because I would not even recognise brands. It's that stupid.
@TikkaMasala-tx3us 9 ай бұрын
They have no taste. If they do, they won't stunt on others with logo plastered luxury items.
@macbookpro57 9 ай бұрын
Yea I mean honest most people I actually see wearing this stuff are really broke and just trying to pretend like they’re rich; same people who live in a double wide with a brand new Mercedes in the driveway. Priorities lol
@leoprg5330 9 ай бұрын
Oh I love discreet luxury and people who can appreciate craftsmanship and good quality that doesn't scream $$.. so timeless and tasteful.
@gamelandDEZ 9 ай бұрын
and its all stored in the back on dusty ass shelves but the sales floor is fine. and yes maufactured somewhere obvious to save money
@shereemorgan1430 8 ай бұрын
Unless the economy changes luxury brands are going to suffer.
@geraldfm0715 8 ай бұрын
Is Coach a luxury brand now?
@Chicago48 9 ай бұрын
It's almost like a pyramid scheme isn't it?
@strayCATchillspot 9 ай бұрын
SYNDICATE WARS SOON
@user-kq7fo9ve6n 6 ай бұрын
I will never spend that much money because of another's name😊
@jaysgeronca 8 ай бұрын
Dana Telsey has a confusing way of talking. She does make sense, but you have to listen intently.
@user-bj2zs9qp9g 9 ай бұрын
Nice
@aasamjames7020 9 ай бұрын
Finally👏👏👏
@Mythoughtonpoliticaltopics 9 ай бұрын
My head started to hrt when she started with this company is with this company its like what in the world. Just leave stuff alone.
@Leeki-qn8rz 5 ай бұрын
Cnbc. When you have experts, please consider the pronunciation of them. Especially the black-haired lady.
@antonioevans767 8 ай бұрын
Luxury items and goods are a waste of money at this point in time due to inflation. I'd rather have money in my bank account than wear any of these name brands.
@DJRenee 9 ай бұрын
American Black's people must have stopped buying this crap. They better get an influential rapper to help.
@maestoso47 9 ай бұрын
Unchecked capitalism leads to this.
@Whatnok 8 ай бұрын
Would never carry a Michael cord bag. Ever. It’s insane to know they are a parent company of jimmy c. Would carry coach before MC anytime
@intothebeyond8763 9 ай бұрын
How's LVMH and Capri Holdings not an monopoly . Between the two they own 95% of the Luxury brands.
@user-np6gw4qv6o 9 ай бұрын
That's not true. Even mentioned in this article, Kering and Richemont are #2 and #3 in size. Besides, a monopoly isn't considered a monopoly until a company starts using their influence shut out the competition and then raise prices. As much as I don't care for LVMH, they aren't close to a monopoly.
@SnappyWasHere 9 ай бұрын
The same way Amazon, Directv, Walmart, Microsoft, and local water utilities owned by private companies aren’t monopolies. Just close your eyes. So depressing.
@IStillLikeIke 9 ай бұрын
also they're literally luxury goods. You can't be a monopoly for something completely superfluous @@user-np6gw4qv6o
@nickc90210 9 ай бұрын
Because they paid the government to not be. Duh
@joryboyfpf408 9 ай бұрын
They're trying to follow-up the tech or the streaming service way off business
@fintamaria2429 9 ай бұрын
No thanks to all these brands!!
@Commentname1 9 ай бұрын
Great
@LukeWordsworth-ky2pj 9 ай бұрын
I like Jimmy
@utubesucks9302 8 ай бұрын
The Chinese are all about status, even if China ‘de-brands’, they will find ways to acquire these western luxury brands
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