Tapestry Inc.' stock jumped 6.8% early Thursday, while Capri Holdings Inc.'s stock fell about 4%, after Tapestry said it's terminating its $8.5 billion merger agreement with its smaller rival.
Tapestry said on Thursday it was terminating its $8.5 billion deal for Michael Kors owner Capri after the deal was blocked by a U.S. judge.
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the mutual termination of its definitive merger agreement with Tapestry, Inc. Capri and Tape
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agree
Examine the evolution of Capri Holdings' (CPRI) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Why Capri Holdings Stock Was Falling Today

03:30pm, Friday, 08'th Nov 2024
Shares of the Michael Kors parent dropped on a disappointing earnings report.
Capri Holdings (CPRI) saw its shares tumble Friday after reporting fiscal second-quarter results after yesterday's closing bell that fell short of Wall Street's expectations.
Capri Holdings reports second-quarter results, with revenues and earnings declining year over year due to weaker global demand for luxury fashion.
The headline numbers for Capri Holdings (CPRI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Stre
Capri Holdings (CPRI) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $1.13 per share a year ago.
Evaluate the expected performance of Capri Holdings (CPRI) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key
Capri Holdings (CPRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is Capri stock a buy after its share price plunged?
Tapestry's acquisition of Capri has been blocked.
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