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Why Jimmy Choo, Michael Kors, Versace, Kate Spade Are Suddenly One Company

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Rising 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
Category
Tech
Tags
CNBC, CNBC original, business
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