Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger [Yahoo! Finance]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: Yahoo! Finance
Tapestry, which owns Coach and Kate Spade, said it will shift its capital to an expanded stock buyback program. Capri, the owner of Versace and Michael Kors, said it plans to introduce new marketing efforts and refocus its product line to improve sales. Shares of Tapestry ( TPR ) surged Thursday morning while Capri Holdings ( CPRI ) stock slipped after the parent companies of a number of luxury brands called off their planned merger over ongoing legal challenges. Tapestry said Thursday that legal challenges to the merger first announced in August 2023 remain "uncertain and unlikely to be resolved by the February 10, 2025 outside date." Last month, a judge sided with the Federal Trade Commission (FTC) , which sued to block the merger on the grounds that it would lead to less competition and higher prices for consumers. Tapestry, which owns a number of brands including Coach and Kate Spade, said that it plans to reallocate capital now that the deal has been called off, announci
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CPRI
News
- Secrets Of Jet-Set Style And Insider Destinations In Italy [Forbes]Forbes
- Capri Holdings Limited (NYSE: CPRI) had its "equal weight" rating re-affirmed by analysts at Barclays PLC. They now have a $21.00 price target on the stock.MarketBeat
- Capri Holdings Limited (NYSE: CPRI) had its price target lowered by analysts at TD Cowen from $57.00 to $22.00. They now have a "hold" rating on the stock.MarketBeat
- Tapestry Made The Right Decision To Go It Alone Without Capri Dragging It Down [Forbes]Forbes
- Tapestry Confirms End of Merger Deal With Capri Holdings [Yahoo! Finance]Yahoo! Finance
CPRI
Earnings
- 11/7/24 - Miss
CPRI
Sec Filings
- 11/14/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- CPRI's page on the SEC website