In the battle of the handbag firms, it was first all about market share. Now it’s about margins.
And Wall Street is worried. Shares of leading contemporary handbag brands have been battered over the last month, beginning with Michael Kors Holdings Ltd. and extending to Coach Inc. Kate Spade & Co. became the latest on Tuesday, even though the company posted a substantial narrowing of its second-quarter loss from a year ago.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"