The handbag company is looking to cut $30 million in costs.
This is the designer’s first foray outside of handbags.
The Jimmy Choo acquisition is still expected to close in the third quarter.
Coach and Kors are primarily handbag firms in a market that isn’t seeing much growth at the moment.
Nothing’s impossible, but the company may have other reasons for pushing the case so far after losing at every turn.
The New York-based handbag and accessories designer increases retail distribution via trunk shows across the U.S.
Topics are chosen in categories, based on how well they align with MOT’s brand values — sustainability, compassion and higher consciousness.
Luis said there is a global cyclical shift away from apparel toward accessories.
The handbag company struggled during the first quarter with weak sales online as well as in stores.