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24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: ... The news sent Capri's stock crashing, as its shares ...
The latest luxury fashion M&A deal drew a mixed response from pros on Wall Street and in the industry.
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 ...
Shares of the Michael Kors parent dropped on a disappointing earnings report.
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]
For Capri, Tapestry's strong data, marketing and real estate capabilities, would have potentially helped Michael Kors, Versace and Jimmy Choo end their long-time slumps.
24/7 Help. For premium support please call: ... Capri stock surged 59% to $54.82 in premarket trading. Tapestry shares fell 4% to $39.54 as some on Wall Street began to question the need to pull ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Capri wasn’t one of them. The 10 stocks that made the cut ...