Why The Fashion Industry Underwent Merger Mania In 2023

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CNBC published this video item, entitled “Why The Fashion Industry Underwent Merger Mania In 2023” – below is their description.

Rising rates, sticky inflation and the prospect of slowing consumer spending have sparked a flurry of deals in the fashion industry as companies look to mergers and acquisitions for growth. The trend of fashion consolidation among U.S.-based brands is mirroring the pattern of LVMH in Europe, a mega fashion brand that has aggressively expanded via acquisitions.

Watch the video above to learn more about the trends fueling fashion’s merger mania.

Producer, shot, and edited by: Kate Sammer

Supervising Producer: Jeff Morganteen

Additional camera: DeLon Thorton, Sean Conolon, Brad Howard

CNBC YouTube Channel

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About This Source - CNBC

CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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