Core Insights - The luxury goods market is experiencing a downturn, with Bain & Company predicting a decline in global luxury sales by 2% to 5% by mid-2025, marking the first significant slowdown since 2009 [5] - Despite the overall market decline, luxury goods have gained renewed consumer interest during the Double Eleven shopping festival, with significant year-on-year growth reported by various e-commerce platforms [4][6] Market Trends - The luxury market in China and the U.S. has shown a downward trend, influenced by macroeconomic factors and changing consumer behaviors, particularly among younger consumers who are becoming more rational in their spending [5][8] - The demand for luxury goods is diversifying, with consumers increasingly valuing newness, personalized experiences, and high cost-performance ratios, leading to a reshaping of the luxury consumption landscape [5][8] E-commerce Performance - Tmall reported double-digit growth in luxury brand sales during the Double Eleven event, with over 200 major brands launching exclusive seasonal products [6] - JD.com noted a significant increase in sales for luxury down jackets and jewelry, with some categories experiencing growth of 1.5 times year-on-year [6] - Vipshop has also seen over 30% year-on-year growth in luxury goods sales, driven by the appeal of discounted luxury items [6][3] Consumer Behavior - The perception of luxury is shifting from brand-centric to value-oriented, with consumers prioritizing emotional value and experiences over mere brand prestige [8][10] - The rise of discount luxury shopping channels is notable, as consumers seek entry-level luxury products at competitive prices [8][9] Industry Innovations - The introduction of independent authentication services by China Inspection and Quarantine (CIQ) on e-commerce platforms aims to enhance consumer confidence in discounted luxury goods [9] - The luxury market is increasingly influenced by younger generations, who prioritize style and personal resonance with brands over traditional brand loyalty [10]

Group 1: Starbucks China Business Sale - Starbucks announced the sale of 60% of its China business to private equity firm Boyu Capital for an estimated valuation of $4 billion, bringing the overall valuation of Starbucks China to over $13 billion [2][3] - The partnership with Boyu Capital will focus on expanding the number of stores in China from nearly 8,000 to 20,000, targeting smaller cities and emerging regions [3] - Starbucks will retain its brand and intellectual property while Boyu Capital will lead local operations, digital transformation, and market expansion [4] Group 2: Kimberly-Clark Acquisition of Kenvue - Kimberly-Clark announced the acquisition of Kenvue for a total valuation of $48.7 billion, combining two companies with similar revenue sizes [5][6] - The merger is expected to reshape the global beauty and personal care market, creating a company with a comprehensive product line across various consumer health segments [6] - Kenvue has faced challenges since its spin-off from Johnson & Johnson, with a significant decline in net profit and sales [6] Group 3: SHEIN's Paris Store Opening - SHEIN opened its first physical store in Paris, attracting both shoppers and protesters, highlighting the brand's controversial presence in the market [7][8] - The French government has called for an investigation into SHEIN due to concerns over illegal products being sold on its platform [9][10] Group 4: Financial Performance of Brands - Coach reported a 22% increase in sales, solidifying its position in the high-end market, while Kate Spade experienced an 8% decline [23] - Estée Lauder's sales rebounded with a 3% organic growth, driven by recovery in the Chinese market and tourism retail [25] - Ralph Lauren's revenue reached $2.01 billion, with a notable 30% increase in the Chinese market despite price hikes [29]

Financial Performance - Tapestry reported record revenue and 16% sales growth for its fiscal Q1 [1] - Coach brand experienced a standout performance with 21% growth [6] - Kate Spade's sales are still declining by 9%, but slightly ahead of expectations [4][5] - The company raised its outlook for the year across topline and earnings [4] Brand Strategy & Consumer Behavior - Coach is driving the overall growth [4] - Kate Spade is undergoing a brand reset, with progress in Gen Z acquisition trends driven by handbags and higher Average Unit Retail (AUR) with handbag blockbusters [5][6] - Consumers are resilient and active, responding positively to innovation and emotion from brands [7] - Tapestry is seeing traction in acquiring young consumers, leading to growth and higher retention across the portfolio [8] - Tapestry's strategy focuses on expanding the market by capturing young consumers at the point of market entry [14] - The company emphasizes innovation, compelling value, and brand storytelling to resonate with young consumers [16] Holiday Season Outlook - Tapestry is optimistic about the holiday season, with strength continuing into Q2 [10][11] - The company is staying close to consumers to deliver a value proposition that resonates during the quarter [11]

Core Insights - Luxury brands are experiencing significant growth during this year's Double 11 shopping festival, with overall sales increasing by double digits year-on-year on Tmall [1] - The shift in luxury consumption is towards lifestyle and quality enhancement, with a notable rise in demand for winter sports gear and high-end home goods [3][5] Group 1: Sales Performance - Tmall's first cycle data shows that luxury brands like Balenciaga, Burberry, and Moncler achieved high double-digit growth in sales [1] - The luxury segment for winter sports equipment saw over 80% year-on-year growth since October, driven by brands like Balenciaga and Zegna [3] - High-end home goods are emerging as a new growth area, with brands like Wedgwood and HAY also reporting double-digit sales increases [3] Group 2: Consumer Trends - Millennials and Gen Z are becoming the main consumers of luxury goods, seeking brands that resonate with their personal aesthetics rather than just logos [5] - Coach experienced a three-digit percentage increase in sales on Tmall's Double 11 opening day, attributed to its unique product lines appealing to younger consumers [5] - The introduction of new products is a key driver for growth, with over 200 luxury brands launching more than 10,000 exclusive items during this year's event [5]

I took a cab ride one evening with a professor who said to me, "I have a childhood friend uh who runs a small handbag company and he's looking for a protetéé. Do you have any interest?" And uh four interviews later, I accepted his offer. >> That was what n was 1979. >> 1979.>> Wow. What was Coach in those early days. >> Coach was a uh maker of natural leather cowhide bags.Durable quality leather developed a patino over time. And even though the business was small, only $6 million, it had a very loyal and de ...

Core Insights - Coach is experiencing significant growth driven by social media demand, particularly among Gen Z consumers, with a reported revenue of $5.6 billion in the last fiscal year [1] - Tapestry, Coach's parent company, reported a total revenue of $7 billion, indicating Coach's strong performance within the company [1] - Coach's shares have increased over 75% in 2025 so far, reflecting positive market sentiment [1] Leadership and Strategy - Todd Kahn has been leading Coach since 2020, officially becoming CEO a year later, and has a background in the apparel and fashion industry [2] - Kahn emphasizes a focus on a smaller range of affordable products, which positions Coach favorably to manage costs and price increases amid tariff uncertainties [4] Market Dynamics - Despite the threat of new tariffs, Coach does not manufacture in China, allowing it to navigate the situation more effectively than competitors [4] - Tapestry's Greater China revenue grew by 5% to $1.1 billion, showcasing Coach's successful brand positioning among young Chinese consumers [4] - Coach utilizes a combination of big data and ethnographic research to understand consumer behavior, enhancing its market strategy [4]

A good Monday morning from Yahoo Finance's New York City headquarters studios. I'm Yahoo Finance executive editor Brian Sazi. You're watching 3M ringing the opening bell at the New York Stock Exchange. Big fan of their tape over there at 3M. I think that's Scotch tape biotech company YD Bio Limited getting trading underway at the NASDAQ. They do not make Scotch tape at YD. All right. After a stretch of surprise with volatility in markets last week as trade tensions return to the forefront, sense of calm has ...

Market Overview - The stock market has shown a sense of calm after recent volatility, with all three major indices starting the week positively, particularly the S&P 500 and Nasdaq, both up about 0.5% [1][2] - The S&P 500 is approaching record highs seen earlier in October, indicating strong market momentum [1][2] - The government shutdown has reached day 20, marking it as the third longest in U.S. history, yet it has not significantly impacted market performance so far [1] Company Performance - Amazon's stock is slightly up despite an outage in its AWS service, which affected several companies, indicating investor resilience [1][2] - Apple has seen a positive shift in stock performance, gaining 6% in the past month due to strong demand for the iPhone 17, with analysts projecting a significant upgrade cycle [1][2] - Amazon's year-to-date performance is down 3%, making it the worst performer among the MAG 7 stocks, while Apple is gaining traction [1][2] Consumer Trends - The consumer staples sector is under scrutiny as earnings estimates decline, with Coca-Cola expected to report strong demand in the U.S. but weakness in other regions [2][3] - There is a bifurcation in consumer spending, with high-end consumers willing to pay more for premium products, while low-end consumers focus on essentials [2][3] Cryptocurrency Market - Bitcoin has rebounded, rising above $110,000, alongside a broader recovery in the cryptocurrency market, indicating renewed investor confidence [1][2] - Ethereum has crossed the $4,000 threshold, suggesting a positive trend in the crypto space [1][2] Sector Rotation - A rotation into defensive sectors such as utilities and consumer staples is observed, which may indicate a cautious market sentiment [2][3] - Utilities have performed well, up 21% year-to-date, and are seen as a growth sector benefiting from lower interest rates and the AI trade [2][3] International Market Insights - There is a growing interest in international markets, with South Korea up nearly 50% this year and China showing a 14-16% increase, suggesting potential value outside the U.S. [2][3] - The focus on international value trades is becoming more prominent as investors seek diversification [2][3]

Mergers and Acquisitions - In January 2017, Luxottica merged with Essilor in a deal valued at 46 billion euros ($49 billion), creating the world's largest eyewear group [11] - LVMH acquired Tiffany & Co. in November 2019 for $16.2 billion in an all-cash deal [11][12] - Bernard Arnault consolidated control over Christian Dior in April 2017 through a 12 billion euro transaction, acquiring the Christian Dior Couture brand for 6.5 billion euros [4][12] - JAB Holding increased its stake in Coty Inc. to 60% in February 2019, totaling about $9.4 billion [5][12] - L'Oreal repurchased 8% of its shares from Nestle for 6.5 billion euros in February 2014, making Nestle L'Oreal's second-largest shareholder with a 20.16% stake as of October 2025 [6][12] - LVMH acquired Bulgari for 3.7 billion euros in March 2011 [7][12] - Estee Lauder agreed to buy Tom Ford for $2.8 billion in November 2022 [8][12] - L'Oreal acquired Aesop for around $2.5 billion in April 2023, aiming for international expansion [9][12] - Coach purchased Kate Spade for $2.4 billion in May 2017 to leverage its popularity among millennials [10][12] - Prada announced a deal to buy Versace for an enterprise value of $1.375 billion in April 2025 [11]

Lew Frankfort, former Coach CEO, says the brand is in a "sweet spot." He tells Katie Greifeld and Romaine Bostick on "The Close" he's thrilled to see the company going through its fifth renaissance, adding that innovation, curiosity and humility are key and that leaders should "always run scared, no matter how well you're doing." ...