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It looks like the steady stream of profits enjoyed by many luxury brands is starting to slow down.
Tapestry, owner of Coach, is planning a prospective takeover of Capri Holdings, owner of the more affordably priced label Michael Kors.
Rolex, the Swiss luxury watch titan, has announced its acquisition of the renowned watch retailer, Bucherer.
As Americans continue to buy the necessities of life, while also looking for the best deals, Walmart sales and profits continue to grow.
Wholesalers and retailers know well that the majority of the sales in Europe and North America happen before the Christmas holiday season.
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