keeps consumers on the sidelines? What if the stock market takes a roller-coaster ride? What if the Federal Trade Commission looks to block more corporate buyouts? What if the Chinese consumers keep pulling back? What if the accumulative effect of inflation sinks the economy? After a long, anxious year, Election Day has finally come and gone.
“The consumer’s been sitting on the sidelines and particularly in terms of any kind of big-ticket purchases,” said Johnson, who added that the election might just give consumers the nudge they need. “My guess is this will be a precipitating event to get people off the sidelines and out buying.”“People have been through a lot,” Johnson said. “This whole election thing is a pain. The inflation thing is still bad.
Portell is looking for the fashion industry to continue to consolidate, although he said companies are still trying to figure out the rationale the FTC is using as it seeks to block deals. “The degree with which Capri has fallen in the last year raises many questions,” Siegel said. “The company as a stand-alone needs to figure out what its path back is. The brands still carry the same recognition and theoretically should be able to regain the same brand perception and power that they had.“I’m not positive the brands are sitting at a natural point of weakness,” he said. “I think the brands are likely sitting at a point of neglect. It’s very rare.
Lauren, who serves as the company’s executive chairman and chief creative officer, would have the final say over any transaction as he controls 84.5 percent of the company’s voting rights.“The brand could be viewed as an attractively priced global asset to European luxury houses,” said Kernan, who added that both LVMH Moët Hennessy Louis Vuitton and Compagnie Financière Richemont were big enough to do such a deal.
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