From Streetwear To ‘Street Couture’: Hip-hop Transformed Fashion Like No Other Earlier Than It
But news of the deal will have stung Bernard Arnault, who’s rumoured to have had his eye on Versace despite selling it to Michael Kors in 2018 for £1.6billion. The analyst additionally warned that aspirational customers, who’re the clientele for Tapestry and extra affordable merchandise, may cut back on flashy purchases ‘when times get tough’. There have been mounting considerations that a slowdown in the US is hitting gross sales of high-end clothes and accessories, with British brand Burberry becoming a member of LVMH in lamenting a sales decline there. Tapestry might be hoping the consolidation boosts the presence of …