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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.
Tapestry announced it would acquire Capri Holdings in August 2023 for $8.5 billion. [10] Capri owns the brands Versace, Michael Kors, and Jimmy Choo. [11] The U.S. Federal Trade Commission sued to block the acquisition in April 2024 citing reduced competition between their brands, like Coach and Michael Kors, in the affordable luxury handbag ...
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 ...
She will be responsible for leading the global human resources organization across all three luxury houses — Michael Kors, Jimmy Choo and Versace.
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 ...
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Outlook: Capri Holdings expects FY25 revenue of $4.40 billion, below the $4.51 billion estimate. Versace’s revenue is expected to be around $810 million, impacted by $10 million in foreign ...