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Can a fashion mega-merger drive progress on sustainability?

Tapestry’s recent acquisition of Capri is the latest deal in an industry always on the hunt. But when two companies merge, sustainability ambitions risk getting overlooked.
Can a fashion megamerger drive progress on sustainability
Photo: Jeremy Moeller/Getty Images

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Last week’s announcement that Tapestry is acquiring Capri Holdings — which owns Michael Kors, Versace and Jimmy Choo — was positioned as a move to build a US conglomerate that can compete with European luxury heavyweights. As fashion consolidates further, where does that leave sustainability efforts and ambitions?