By  on January 3, 2018

First it was the handbag wars. Now the race is on in the U.S. to see who gets to build the better brand empire.

Such is the shift in business model for both Tapestry Inc. and Michael Kors Holdings Ltd. The two made acquisitions last year and each firm is expected to continue foraging for brand additions to their growing stables in 2018. Of immediate concern is the integration of the new acquisitions, as well as the pay down of debt. That could suggest no deals for at least the first half of the year, and likely not even the third quarter. But since quality brands come up for sale infrequently, and sometimes the smaller deal presents greater growth opportunities, their current mind-set of waiting a bit could change should the right opportunity present itself.

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