If nothing else, last week’s announcement that Tapestry (the owner of Coach, Stuart Weitzman, and Kate Spade) had spent $8.5 billion to acquire Capri (the parent company of Versace, Jimmy Choo and Michael Kors) brought some drama to an otherwise lackluster American fashion market—one where middling brands often struggle for attention against their more revered and exciting European counterparts. On the face of it, this looks like a pretty logical deal—and perhaps inevitable, given the rapid consolidation of the industry. These are the two companies keeping the middle of the market warm, so why shouldn’t they band together against Big Luxury and Fast Fashion alike, all while lowering operating expenses and increasing their margins? Tapestry will undoubtedly save the $200 million in efficiencies that the company predicts—human resources, real estate, technology, back office finance people, accounting fees, etcetera—resulting in “enhanced TSR,” or total shareholder return, for those of us allergic to acronyms.