Search results
Results from the WOW.Com Content Network
The latest luxury fashion M&A deal drew a mixed response from pros on Wall Street and in the industry.
The news sent Capri's stock crashing, as its shares fell more than 45% while Tapestry shares climbed double-digits. Now that the merger is currently blocked, what should investors do with the ...
Tapestry, Inc. (NYSE:TPR) has entered into Accelerated Share Repurchase agreements with Bank of America N.A. and Morgan Stanley & Co. LLC to repurchase $2.0 billion shares of common stock. While ...
Capri Holdings (), the parent company of Michael Kors and Jimmy Choo, saw shares plunge around 47% in early trading on Friday after a US judge blocked its pending $8.5 billion acquisition by Coach ...
Yahoo Finance 8 hours ago Nvidia stock sinks over 8%, market cap dips below $3T as earnings are no match for sky-high expectations. Nvidia stock sank 8.5% Thursday as investor enthusiasm over Blackwell AI sales was dampened by Nvidia's lower-than-expected guidance for first quarter gross margins.
Tapestry and Capri each had their reasons for wanting to join forces. For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of growth.
With Tapestry's $8.5 billion merger with luxury retail peer Capri called off, CIO Yang Lu can dedicate her focus on innovative technologies, like artificial intelligence.
A year ago, for comparison, Tapestry repurchased about $1.2 billion in stock. In turn, Tapestry has seen earnings growth accelerate from 4.5% in the fiscal year ended June 2020 to 9.5% in the ...