News
TPR
40.62
+0.30%
0.12
M&A News: Investors Await FTC Meeting that May Block CPRI-TPR Deal
TipRanks · 3h ago
Capri Holdings gains ahead of FTC closed-door meeting on Monday
Capri Holdings (CPRI) rose 1.9% on Friday ahead of a Federal Trade Commission closed-door meeting on Monday. The FTC is reportedly preparing to file a lawsuit to block Capri's planned sale to Tapestry (TPR) The European Commission approved the $8.5 billion sale of Capri to tapestry last week.
Seeking Alpha · 4h ago
Catalyst Watch: Tesla, Boeing and General Motors brace for earnings fireworks
Seeking Alpha's Catalyst Watch looks at next week's key events. Options trading volume is elevated on Snap and Summit Therapeutics. Crude oil futures will expire on April 22. The TotalEnergies board is expected to decide on a possible split of the CEO role. Several companies are due to report their earnings on April 23.
Seeking Alpha · 6h ago
These 3 Consumer Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
These are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector. Darden Restaurants, Tapestry and Kontoor Brands are among the companies with high dividend yields. Benzinga readers can review the latest analyst takes on their favorite stocks.
Benzinga · 13h ago
Analyst Expectations For Tapestry's Future
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The company has a 12-month average price target of $50.6. In the latest quarter, 10 analysts provided ratings for tapestry. The firm has an impressive growth rate of 2.92% in the last three years.
Benzinga · 2d ago
Deals of the day-Mergers and acquisitions
U.S. FTC preparing to sue to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri. Zuora, Aurubis, Vanda Pharmaceuticals, TAQA, Royal Mail in talks to be sold.
Reuters · 2d ago
Consumer Sector Update for 04/17/2024: DASH, UBER, UAL, TPR, CPRI, PLCE
NASDAQ · 2d ago
Consumer Sector Update for 04/17/2024: UAL, TPR, CPRI, PLCE
NASDAQ · 2d ago
Tapestry Cut to Mixed From Positive by OTR Global
Dow Jones · 2d ago
OTR Global Downgrades Tapestry to Mixed
Benzinga · 2d ago
Capri Holdings may have downside to high-teens, low $20s in a deal break - analyst
Capri Holdings may have downside to high-teens, low $20s in a deal break, analyst says. Federal Trade Commission may file suit to block $8.5 billion acquisition of Capri Holdings by Tapestry. TD Cowen analyst says there's a 50% chance of the deal being blocked.
Seeking Alpha · 2d ago
5 stocks to watch on Wednesday: LLY, ABT and more
U.S. Stock index futures were higher on Wednesday. Eli Lilly stock gained more than 2% in pre-market trading. Travelers stock dipped more than 5% after posting a Q1 top and bottom line miss. Abbott Laboratories reported a strong Q1. The FTC is preparing to block the planned $8.5B merger of Tapestry and Capri.
Seeking Alpha · 2d ago
Consumer Sector Update for 04/17/2024: CPRI, TPR, SIX, MDLZ, XLP, XLY
NASDAQ · 2d ago
FTC Prepares to Sue Tapestry, Capri Holdings Deal, The New York Times Reports
The Federal Trade Commission is preparing to sue Tapestry's $8.5 billion takeover of Capri Holdings to block the deal. The FTC's five commissioners are set to meet next week to discuss the case. The agency could still decide not to sue the company.
Dow Jones · 2d ago
BUZZ-Capri falls on US FTC's reported plan to block Tapestry's $8.5 bln buyout
Capri falls on US FTC's reported plan to block Tapestry's $8.5 bln buyout. Capri Holdings shares CPRI.N down ~2% at $38 premarket. US FTC is preparing to sue to block Coach-parent Tapesty's deal to buy Michael Kors-owner Capri.
Reuters · 2d ago
Capri falls amid another report that FTC preparing to block $8.5B Tapestry deal
Capri Holdings (CPRI) dropped 5% in premarket trading amid another report that FTC preparing to block $8.5B Tapestry deal. The Federal Trade Commission is expected to meet this week to discuss the case. Capri falls amid another reports that the FTC is preparing to sue to block a planned sale of the handbag maker to tapestry. The FTC is said to be leaning toward filing a lawsuit to block the deal.
Seeking Alpha · 2d ago
UPDATE 3-US FTC preparing to sue to block $8.5 bln takeover of Capri by Tapestry, NYT Dealbook reports
US FTC preparing to sue to block $8.5 bln takeover of Capri by Coach parent Tapestry, NYT Dealbook reports. The FTC is preparing to block the deal to buy Michael Kors owner Capri CPRI.N, report says. The deal received regulatory clearance from the European Union and Japan on Monday.
Reuters · 2d ago
CAPRI HOLDINGS SHARES DOWN ABOUT 5% PREMARKET AFTER REPORT US FTC IS PREPARING TO BLOCK TAPESTRY'S $8.5 BILLION TAKEOVER OF CO
Reuters · 2d ago
FEDERAL TRADE COMMISSION IS PREPARING TO SUE TO BLOCK A MEGA FASHION DEAL, TAPESTRY'S $8.5 BLN TAKEOVER OF CAPRI HOLDINGS - NYT
Reuters · 2d ago
Capri Holdings: A Risky Way To Capture Significant Upside As The FTC Looms
Capri Holdings Limited is a potential acquisition target with a 45% upside if the deal with Tapestry, Inc. Goes through. The luxury fashion group owns Michael Kors, Versace and Jimmy Choo. The market is currently forecasting a high chance of the deal falling through. Capri Holdings has been experiencing declining revenue and profits.
Seeking Alpha · 3d ago
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About TPR
Tapestry, Inc. is a global house of luxury accessories and lifestyle brands. The Company's brands include Coach, Kate spade New York, and Stuart Weitzman. The Company operates through three segments: Coach, Kate Spade and Stuart Weitzman. The Coach segment includes global sales of Coach products to customers through Coach operated stores, including e-commerce sites and concession shop-in-shops, and sales to wholesale customers and through independent third-party distributors. The Kate Spade segment includes global sales primarily of kate spade new york brand products to customers through Kate Spade operated stores, including e-commerce sites and concession shop-in-shops, sales to wholesale customers, and through independent third-party distributors. The Stuart Weitzman segment includes global sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores, sales to wholesale customers, through e-commerce sites, and through independent third-party distributors.