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Image source: Getty Images. Capri comes up short. The parent company of Michael Kors, Jimmy Choo, and Versace said that revenue in the quarter fell 16.4% to $1.08 billion, which missed estimates ...
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 stocks?
The latest luxury fashion M&A deal drew a mixed response from pros on Wall Street and in the industry.
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]
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 ...
This is a list of programs broadcast by CNBC. CNBC is an American basic cable, internet and business news television channel owned by NBCUniversal News Group, a division of NBCUniversal, which is owned by Comcast. It was originally established on April 17, 1989 by a joint venture of NBC and Cablevision as the Consumer News and Business Channel ...
TechCheck was an American business news program that airs on CNBC from 11:00 a.m to 12:00 p.m Eastern Time.It premiered on April 12, 2021. It is broadcast live Monday through Friday from a trading-floor set inside Post 9 at the New York Stock Exchange, which is shared with Squawk on the Street and Closing Bell, and from CNBC's studios in San Francisco.
Before you buy stock in Capri, consider this: 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 ...