Taylor Swift's Handbag Signals Market Is Competitive, Michael Kors Tells Judge [BNN Bloomberg (Canada)]
Tapestry, Inc. (TPR)
Last tapestry, inc. earnings: 4/30 06:45 am
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Source: BNN Bloomberg
“When I looked at the brand, the website crashed immediately,” Kors testified about Aupen, the label behind a breakout celebrity bag from last year that has also been carried by Jennifer Lawrence, Kylie Jenner and Olivia Rodrigo. Kors was on the witness stand Monday in the second week of a hearing that will decide the fate of a planned $8.5 billion acquisition by Tapestry Inc. of Capri Holdings Ltd. He told the judge about handbags that have gotten a jolt of publicity and popularity from showing up in photos of Beyoncé and Madonna as well. The deal would combine Tapestry's Coach, Kate Spade and Stuart Weitzman with Capri's Michael Kors, Versace and Jimmy Choo and create one of the world's biggest fashion brands. US antitrust enforcers are suing to block the tie-up, claiming it would reduce competition in the market for “accessible luxury” handbags. It's the US Federal Trade Commission's first fashion industry challenge under Chair Lina Khan as the agency has fought takeovers in s
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TPR
News
- Tapestry, Inc. (NYSE: TPR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- When Should You Buy Tapestry, Inc. (NYSE:TPR)? [Yahoo! Finance]Yahoo! Finance
- Tapestry, Inc. (NYSE: TPR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Michael Kors Brings Jet-set Glamour to FTC vs. Tapestry Case [Yahoo! Finance]Yahoo! Finance
- Is Tapestry, Inc. (TPR) a Top Luxury Clothing Stock to Invest in Now? [Yahoo! Finance]Yahoo! Finance
TPR
Earnings
- 8/15/24 - Beat
TPR
Sec Filings
- 9/27/24 - Form ARS
- 9/27/24 - Form DEFA14A
- 9/27/24 - Form DEF
- TPR's page on the SEC website