Feeds:
Posts
Comments

Posts Tagged ‘Victor Luis’

coach-2
Modern luxury, how we define it for ourselves, is about quality and great design, while at the same time offering the customer an emotional experience through great brands, its history and narratives. Modern for us is different from the traditional European groups … it’s about being inclusive, not exclusive based on price. It is not based on a country of origin, [nor] is it made in any specific market as traditional luxury brands are …

 

– Victor Luis, Coach, Inc. CEO

Last week it was announced that American handbag brand Coach, Inc. bought Kate Spade & Co.  for $2.4 billion.

The once classic handbag line, originally designed by Bonnie Cashin, seems to be shifting into a fashion conglomerate having also purchased shoe brand Stuart Weitzman for $524 million in 2015.

(More fashion news – Mr. Weitzman, who orchestrated the sale of his company to Coach, is retiring this year.)

Is Coach luxury? Kate Spade? Semi-expensive brands, yes, but I never considered either one luxury. I guess they are “modern luxury” whereas luxury is old-school European expensive, a la Hermes and Louis Vuitton.

I suppose it’s relative. One woman’s Vuitton is another woman’s Coach. Actually it’s all luxury, because we don’t NEED any of it … says the woman who owns a few Coach handbags herself (the classic silhouettes only).

 

Read Full Post »