Retail Consolidation Will Continue to Happen: TRAUB’s Singer [Video]

Via Yahoo Finance

Dec.05 — Morty Singer, CEO of TRAUB, discusses consolidation in luxury retail as Gucci-owner Kering holds discussions with Italian skiwear maker Moncler about a potential deal while Kering rival LVMH is moving forward with its purchase of jeweler Tiffany in the biggest-ever luxury deal. He discusses the strategy by these potential purchasers of luxury as an accessory and sustainability of luxury through a downturn. Singer speaks with Scarlet Fu and Romaine Bostick on “Bloomberg Markets: The Close.”

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