The trend: From luxury fashion to outdoor gear, a flurry of mergers and acquisitions is underway in retail as companies streamline their portfolios and expand into adjacent segments.
- Tapestry struck a deal to sell its Stuart Weitzman brand to footwear conglomerate Caleres, parent of Allen Edmonds, Sam Edelman, and Vince, per The Wall Street Journal.
- Capri is gearing up to offload Versace, with Prada weighing a possible bid, per Bloomberg. It is also reportedly exploring a sale of Jimmy Choo, according to WWD.