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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 ...
The latest luxury fashion M&A deal drew a mixed response from pros on Wall Street and in the industry.
Tapestry, Inc. is an American multinational fashion holding company. It is based in New York City and is the parent company of three major brands: Coach New York, Kate Spade New York and Stuart Weitzman. Originally named Coach, Inc., the business changed its name to Tapestry on October 31, 2017. [4]
Tapestry, Inc. (NYSE:TPR) shares are trading higher premarket on Thursday after the company disclosed that it has reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate their ...
Image source: Getty Images. Tapestry. The government's blocking of the deal with Capri could be the best thing for Tapestry. The company will have to pay Capri up to $50 million if the deal is ...
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 ...
In her new role as Tapestry CIO, Lu was ready to apply that same playbook to Capri—owner of the Versace and Michael Kors brands—which Tapestry was set to acquire for $8.5 billion.
Capri's stock surged 55% to $53.90 on Thursday. But Tapestry stock fell 15.93% to $34.67 as some experts began to question whether the company needed to pull the trigger and if it overpaid for Capri.