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
- Hedge Funds Think That Capri Holdings Limited (CPRI) Will Bounce Back Soon [Yahoo! Finance]Yahoo! Finance
- Capri Holdings Limited (NYSE: CPRI) had its price target raised by analysts at JPMorgan Chase & Co. from $15.00 to $19.00. They now have a "neutral" rating on the stock.MarketBeat
- Capri reportedly exploring sale of its Versace, Jimmy Choo brands; shares jump [Yahoo! Finance]Yahoo! Finance
- Capri Puts Versace and Jimmy Choo Up for Sale: Sources [Yahoo! Finance]Yahoo! Finance
- Tote Bags Market to grow by USD 9.19 Billion (2024-2028), driven by luxury bag personalization, with AI redefining the market landscape - Technavio [Yahoo! Finance]Yahoo! Finance
CPRI
Earnings
- 11/7/24 - Miss
CPRI
Sec Filings
- 12/18/24 - Form 4
- 12/2/24 - Form 8-K
- 11/14/24 - Form 8-K
- CPRI's page on the SEC website