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News Digest /
Ticker: CPRI
Ticker: CPRI
01:55am, Thursday, May 28, 2026
Capri Holdings, owner of Michael Kors, anticipates annual earnings surpassing analyst estimates thanks to strategic focus on full-price sales and appealing to affluent consumers. Shares tick modestly higher despite recent declines.
08:49am, Tuesday, Feb 03, 2026
Capri Holdings nudges up its full-year revenue forecast for 2026, led by a sales boost at Jimmy Choo, despite a decline at Michael Kors. Shares react positively in premarket trading.
09:02am, Thursday, Apr 10, 2025
Prada (OTC: PRDSY) has acquired Versace (NYSE: CPRI) for $1.375 billion, aiming to strengthen its position in the luxury fashion market. This strategic move could rejuvenate Versace amid profitability struggles. Traders should monitor potential market impacts.
04:04am, Friday, Jan 10, 2025
Prada is reportedly eyeing a bid for Versace, currently owned by Capri Holdings, after Tapestry withdrew from a merger. As luxury brands navigate challenges, this acquisition speculation could signal a significant shift in the market landscape.
08:31am, Monday, Dec 16, 2024
Week 51: All eyes are on the FED's rate decision, with investors anticipating another rate cut. Traders will also be watching crucial data on inflation, retail sales, GDP, home sales, and consumer confidence.
08:10am, Friday, Nov 15, 2024
Friday Recap: Markets dip amid mixed earnings and inflation signals. Amazon disrupts health marketplaces, Tapestry-Capri deal ends, Treasury yields edge higher.
08:57am, Thursday, Nov 14, 2024
US stock futures show optimism ahead of Fed Chair Jerome Powell’s insights. Disney and Tapestry soar 7% on strong earnings, while Cisco drops 3.7% amid declining revenues. Advance Auto Parts plummets 5%, but Sonos gains 7.2% with new products. Stay informed!
04:48am, Friday, Oct 25, 2024
The proposed $8.5 billion merger between Tapestry (NYSE: TPR) and Capri Holdings (NYSE: CPRI) faces significant challenges after a US judge blocked it. The FTC fears reduced competition in luxury fashion. Capri shares fell nearly 50%, while Tapestry rose 12%.
04:41am, Monday, Jul 15, 2024
Burberry (LSE: BRBY) appoints Joshua Schulman as CEO amid profit warning and dividend cancellation. Schulman, former CEO of Michael Kors, brings over 24 years of executive experience in fashion. His strategic vision and cost-cutting measures will be critical for Burberry’s future.
