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Jimmy Choo, known for women's footwear, was Capri's best-performing brand, but sales were down 5.5%. The company saw positive sales in the U.S., but Asia was a weak spot, with revenue down 17%.
What would have been the biggest fashion industry merger since the mid-2000s died today after two major luxury brands confirmed that their $8.5 billion deal is off.
Capri is the parent company of Kors' eponymous brand, as well as Versace and Jimmy Choo. Tapestry, owner of Coach New York and Kate Spade, offered to buy Capri for $8.5 billion in 2023, [7] [8] but called off the acquisition after it was blocked by a federal judge the following year. [9]
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
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 ...
In the city of Saltillo, temperatures reached as low as −4.5 °C (23.9 °F) early on February 16 as bitterly cold air surged south from Canada and the United States into the country of Mexico. [29] It was the coldest temperature reported in the city since a cold wave in 2014. [citation needed]
Over 95 million Americans are on alert for brutal cold temperatures in the coming days as arctic air plunges south across the country -- and a storm this weekend is expected to dump snow on ...
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