News
CPRI
34.81
-1.67%
-0.59
Capri Holdings: May 17 $35 Unusually Active Call Option Is a No-Brainer
NASDAQ · 13h ago
Getting In Cheap On Capri Holdings Limited (NYSE:CPRI) Might Be Difficult
Capri Holdings Limited (NYSE:CPRI) has a price-to-earnings ratio of 19.7x. The company's earnings are falling quicker than most other companies in the U.S. It has a forecast growth of 50% in the next three years. Capri Holdings' P/E ratio is higher than the average for the United States. But the company's growth isn't enough to justify its high valuation.
Simply Wall St · 21h ago
This Season's Must-Buy Handbag Stock
The FTC sued to halt Tapestry from buying Capri Holdings. The FTC says the deal would reduce options for consumers and lead to higher prices. The agency has blocked several high-profile mergers this year. For bargain hunters, tapestry looks like the stock to scoop up.
Barron‘s · 1d ago
What Next For Investors As Tapestry's Acquisition Of Capri Goes To Court
Tapestry's acquisition of Capri Holdings is facing potential legal challenges from the Federal Trade Commission. The FTC argues the acquisition would negatively impact employees and create a dominant player in the "accessible luxury" handbag market. Tapestry disputes the FTC's conclusions and the case will go to court in 2024. I estimate a 60% chance the deal will proceed with the trial lasting between July and December 2024.
Seeking Alpha · 1d ago
Judge Jennifer Rochon to officiate FTC lawsuit to block Tapestry purchase of Capri
US District Court Judge Jennifer Rochon to officiate FTC lawsuit to block Tapestry purchase of Capri Holdings. The FTC on Monday sued to block the $8.5 billion purchase. The regulator says the deal would eliminate competition between Coach, Kate Spade, and Michael Kors.
Seeking Alpha · 1d ago
RPT-BREAKINGVIEWS-Kate Spade deal veto is lucky dip for trustbusters
U.S. Trustbusters challenging Tapestry’s $8.5 billion takeover of rival Capri is a soft target for FTC. The FTC says the deal would reduce competition for Kate Spade and Michael Kors. But the FTC's case is a lucky dip for trustbusters, says Jonathan Guilford. He says the FTC can draw a line to show companies face few competitors.
Reuters · 1d ago
The FTC wants to block a big handbag merger to preserve competition. ‘10,000 alternatives’ could complicate its case.
MarketWatch · 2d ago
BUZZ-U.S. STOCKS ON THE MOVE-Visa, Tesla, US energy sector
Dow Jones Industrial Average was up 0.77% at 38,535.1. Wall Street's main indexes advanced on Tuesday as growth and chip shares gained. Stocks like General Motors and Spotify rose on upbeat earnings updates ahead of quarterly reports from big technology companies. The top three S&P 500 percentage gainers were Globe Life, Danaher.
Reuters · 2d ago
Judge John Koeltl will preside over FTC lawsuit to block Tapestry purchase of Capri
Seeking Alpha · 2d ago
Why Capri Holdings And Tapestry Shares Are Falling Today
The Federal Trade Commission filed a lawsuit aiming to halt Tapestry's $8.5 billion purchase of Capri Holdings. The acquisition seeks to combine three close competitors. The FTC says the deal threatens to deprive consumers of the competition for affordable handbags. Capri says the FTC is the only regulator that did not approve the deal.
Benzinga · 2d ago
BUZZ-U.S. STOCKS ON THE MOVE-Neurocrine, SunPower, NextEra Energy
Dow Jones Industrial Average was up 0.53% at 38,444.3. Stocks like General Motors and Spotify rose on upbeat earnings updates. Growth and chip shares gained as growth and tech shares rose. Neurocrine, SunPower, NextEra Energy among the day's losers.
Reuters · 2d ago
BREAKINGVIEWS-Kate Spade deal veto is lucky dip for trustbusters
U.S. Trustbusters challenging Tapestry’s $8.5 billion takeover of rival Capri is a soft target for FTC. FTC says the deal would reduce competition for Kate Spade and Michael Kors. But antitrust cases stand or fall on whether regulators can draw a line. FTC's case is a lucky dip for trustbusters, says Jonathan Guilford.
Reuters · 2d ago
Coach Bags Aren't Expensive Enough for the FTC
The Federal Trade Commission sued to block Tapestry's acquisition of Capri. The agency said the deal would eliminate head-to-head competition between the two companies. The FTC is struggling to define the category of affordable luxury. Coach and Michael Kors have a combined 53% share of the affordable luxury bag market.
The Wall Street Journal · 2d ago
FTC Files Lawsuit To Block $8.5B Merger Of Coach And Versace Handbag Makers
The FTC has launched a lawsuit to halt the $8.5 billion acquisition of Capri Holdings Ltd. By Tapestry Inc. The FTC says the merger would eliminate direct competition between the two luxury handbag manufacturers. This unusual antitrust challenge could potentially set a new standard for luxury deal regulation.
Benzinga · 2d ago
BUZZ-Capri, Tapestry fall after US FTC sues to block $8.5 bln merger of luxury handbag makers
Capri, Tapestry fall after US FTC sues to block $8.5 bln merger of luxury handbag makers. Shares of Michael Kors owner Capri Holdings CPRI.N down as much as 3.1% at $36.79. U.S. Federal Trade Commission sued to block merger of CPRI and Coach parent TPR.
Reuters · 2d ago
Stock Laggards Tuesday: JetBlue, PepsiCo, Nucor
JetBlue shares fall nearly 15% in early trading after the airline slashes its 2024 revenue forecast. PepsiCo posts sales that topped analysts' projections, but its earnings disappointed. Shares of Nucor and Cleveland-Cliffs slide in trading after cooler demand for the metal. Xerox shares fell nearly 13% in their trading debut.
The Wall Street Journal · 2d ago
BUZZ-Capri, Tapestry slip as US FTC sues to block $8.5 bln merger of luxury handbag makers
U.S. FTC sues to block $8.5 bln merger of luxury handbag makers. Shares of Michael Kors owner Capri Holdings CPRI.N down 2% in early trading. Tapestry shares down 3% after FTC sued to block merger of Coach parent TPR.
Reuters · 2d ago
CAPRI HOLDINGS SHARES DOWN 2.7% AFTER US FTC SUES TO BLOCK TAPESTRY'S $8.5 BLN TAKEOVER OF CO
Reuters · 2d ago
TAPESTRY SHARES DOWN ABOUT 2%
Reuters · 2d ago
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About CPRI
Capri Holdings Limited is a holding company, which owns brands that are designers, marketers, distributors and retailers of women’s and men’s accessories, footwear and ready-to-wear bearing the Versace, Jimmy Choo and Michael Kors tradenames and related trademarks and logos. The Company operates in three segments: Versace, Jimmy Choo and Michael Kors. Versace segment include sale of Versace luxury ready-to-wear, accessories and footwear through directly operated Versace boutiques throughout the Americas, certain parts of Europe, Middle East and Africa (EMEA) and certain parts of Asia, as well as through Versace outlet stores and e-commerce sites. Jimmy Choo segment includes Jimmy Choo luxury footwear, handbags and small leather goods and accessories. Michael Kors segment includes the sale of Michael Kors products through four Michael Kors retail store formats: Collection stores, Lifestyle stores (including concessions), outlet stores and e-commerce sites.