High-end mergers and acquisitions seem to be heating back up after a spate of dealmaking. KPMG logged just 191 retail deals in the first quarter, a 40 percent drop from the fourth quarter.
and registering a vote of confidence for sophisticated heels in a world of sneakers.
That’s in keeping with the 4.4 times revenues LVMH Moët Hennessy Louis Vuitton paid for Tiffany & Co. in 2021 and the 4.2 times revenues VF Corp. paid for Supreme in 2020. Erin Schmidt, an independent retail industry consultant, said, “Perhaps this is a great time to do it, while there are a lot of moving parts. This is a time of change and evolution. I believe at Kering these are exciting changes for them and they’re also seeing growth in their other brands, like Bottega Veneta and YSL.”
And while the case still needs to be made for any wheeling and dealing in more mainstream brands, it seems to be all lights green when it comes to brands with deep heritage that sell to the one percent of the one percent.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GOP leaders of Arizona House, Senate reach deal with Hobbs on road-tax dealA Maricopa transit tax that will be considered by lawmakers Monday could impact other Arizona counties' access to limited state transportation funds.
Read more »
XRP Price to Target New All-Time High: AnalystRecent Twitter analysis by technical analyst CoinsKid has hinted at potential new all-time high for Ripple-affiliated cryptocurrency, XRP
Read more »
N. Atlantic Is Poised to Set a Record-High Surface Temperature Earlier Than ExpectedOn the heels of a new record high in the Mediterranean, the North Atlantic reached its hottest-ever level this week, several weeks earlier than its usual annual peak, according to preliminary data released Friday by the US National Oceanic and Atmospheric...
Read more »
Taylor Swift ticket prices, already sky high, likely to rise more as LA shows nearGetting tickets to one of Taylor Swift’s shows in SoFi aren’t cheap. Among the reasons is that Swifties don’t resell them.
Read more »
VIDEO: Puppy rescued from sinkhole by High Springs FirefightersA puppy in Interlachen was rescued by the High Springs Fire Department after falling in a sinkhole.
Read more »