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Stock impact report

Nation [Yahoo! Finance]

Capri Holdings Limited Ordinary Shares (CPRI) 
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The S&P 500 ended little changed Friday. The Dow Jones Industrial Average fell 0.6%, while the Nasdaq composite rose 0.6% thanks to gains for several Big Tech stocks. Capri Holdings, owner of the Versace, Jimmy Choo and Michael Kors luxury brands, lost almost half its value after a judge halted a purchase of the company by the maker of Coach handbags. The stock market has been feeling pressure this week from higher Treasury yields, which make stocks less appealing to investors. Merger of bag makers halted NEW YORK — A U.S. District judge has halted the merger between makers of Coach and Michael Kors handbags, saying it would reduce competition and hurt consumers. In her ruling Thursday, U.S. District Judge Jennifer Rochon noted that Tapestry Inc. and Capri Holdings are "close competitors" and that the merger would result in "the loss of head-to-head competition" and raise prices for shoppers. The ruling came six months after the FTC sued to block Tapestry's $8.5 billion acq Show less Read more
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