Michael Kors admits defeat by influencers and celebrities, claiming ‘brand fatigue' in $8.5 billion federal antitrust trial [Fortune]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: Fortune
in Manhattan as a Federal Trade Commission lawsuit filed in April that seeks to block Tapestry's $8.5 billion acquisition of Capri Holdings The deal, if approved, would place six major fashion brands under one company: Tapestry's Coach Kate Spade , and Stuart Weitzman ; and Capri's Versace Jimmy Choo , and Michael Kors . The FTC argues this deal would “eliminate direct head-to-head competition between Tapestry's and Capri's brands” and give Tapestry a “dominant share” of the accessible luxury handbag market—or bags made from quality leader and craftsmanship offered at a more affordable price. “With the goal to become a serial acquirer, Tapestry seeks to acquire Capri to further entrench its stronghold in the fashion industry,” Henry Liu, director of the FTC's Bureau of Competition, said in a statement . “This deal threatens to deprive consumers of the competition for affordable handbags, while hourly workers stand to lose the benefits of higher wages and more favorable workplace c
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News
- 7 shows to watch next if you enjoyed 'Monsters: The Lyle and Erik Menendez Story' [Business Insider]Business Insider
- Michael Kors admits defeat by influencers and celebrities, claiming ‘brand fatigue' in $8.5 billion federal antitrust trial [Yahoo! Finance]Yahoo! Finance
- Actor Darren Criss Discusses Bringing ‘Maybe Happy Ending' To Broadway [Forbes]Forbes
- ‘American Sports Story: Aaron Hernandez': How violence, drugs and football made a monster [Los Angeles Times (CA)]Los Angeles Times
- Tapestry is called out by Argus as an undervalued play ahead of the planned Capri merger [Seeking Alpha]Seeking Alpha
CPRI
Earnings
- 8/8/24 - Miss
CPRI
Sec Filings
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- CPRI's page on the SEC website