Tapestry Made The Right Decision To Go It Alone Without Capri Dragging It Down [Forbes]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: Forbes
Michael Kors, faces an antitrust trial brought on after a Federal Trade Commission lawsuit that seeks to stop the merger of Tapestry and Capri. If the merger, which was announced over a year ago, is approved it would place six fashion brands under a single company. (Photo by Michael M. Santiago/Getty Images) Getty Images Tapestry announced it is canceling the acquisition of Capri Holdings , after the two companies lost their fight against the FTC's opposition to the merger. While the original $8.5 billion deal struck in August 2023 seemed like a good idea at the time, analysts generally viewed Capri Holdings as overvalued at $57 per share. And since the deal was struck, Capri Holdings' results have tanked, most especially its flagship Michael Kors brand, which accounts for roughly two-thirds of company revenues. With Tapestry continuing to perform well on its own – just raising fiscal 2025 guidance to over $6.75 billion on solid performance of its flagship Coach brand – it u
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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 Confirms End of Merger Deal With Capri Holdings [Yahoo! Finance]Yahoo! Finance
- Capri Holdings Limited (NYSE: CPRI) had its price target lowered by analysts at Telsey Advisory Group from $26.00 to $23.00. They now have a "market perform" rating on the stock.MarketBeat
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