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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?
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 ...
As of 2:39 p.m. ET, the stock was down 10.4% on the news. A mannequin holding a sale bag. Image source: Getty Images. Capri comes up short. ... Capri stock plunged when that news came out.
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 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 trigger. ... Click here for the latest stock ...
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 ...
Capri Holdings (CPRI) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.