Coach’s hit handbag shows how less-expensive luxury is gaining ground
By Bloomberg Published June 1, 2025 Ultra-luxury is losing its luster — and mid-tier competitors are capitalizing. Tabby Bag – Coach Industry bellwether LVMH Moët Hennessy Louis Vuitton SE, which reported weaker-than-expected sales in the latest quarter, was accused of selling a Dior bag that costs about $60 to make for $2,800. Meanwhile, Tapestry Inc.’s…