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Capri (CPRI) shares soar on the news that it will be acquired for $8.5 billion by Coach's parent company Tapestry (TPR). Yahoo Finance Live's Brad Smith and Julie Hyman break down the report.

Coach Owner Takes on European Luxury Giants

12:18pm, Thursday, 10'th Aug 2023
Tapestry's $8.5 billion acquisition of Capri won't solve all of the U.S. luxury company's problems.
Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a deal valued at $8.5 billion, creating a U.S. fashion powerhouse to challenge larger European rivals for a bigger share of the glob

Why Capri Holdings Stock Jumped Today

11:32am, Thursday, 10'th Aug 2023
Coach owner Tapestry is acquiring the Versace owner for $8.5 billion, or $57 per share, in an all-cash deal. The growing luxury goods market is getting more competitive.
Markets jumped on benign inflation data. Capri got a buyout bid from industry peer Tapestry.
Deal brings brands Kate Spade, Stuart Weitzman, Jimmy Choo and Versace all under one roof
Michael Kors and Kate Spade are about to become siblings.
An $8.5bn deal is bringing the Jimmy Choo and Kate Spade brands under one roof. Tapestry Inc (NYSE:TPR), the parent company of Kate Spade and Coach, has announced its intention to acquire Capri Holdin

5 Things to Know Before Markets Open

07:50am, Thursday, 10'th Aug 2023
Inflation is expected to move higher in July and Disney shares are rising after it announced it would lift prices for its streaming services. Here's what investors need to know today.
Tapestry, the fashion house behind Coach and Kate Spade, announced plans to acquire Michael Kors' parent company Capri Holdings in a $8.5 billion deal.
U.S. stock index futures early Thursday point to gains at the opening bell. Just as well: the S&P 500 SPX has lost ground in six of the last seven sessions.
Walt Disney Co. shares DIS, -0.73% rose 2% after the media giant reported a mixed third-quarter and said it will raise prices on almost all of its streaming packages in an aggressive push to boost pro
The merger would leave the combined company better placed to compete with the likes of LVMH Moët Hennessy Louis Vuitton and Gucci parent Kering.
The deal would be one of the biggest fashion tie-ups in recent years.
Capri Holdings' (CPRI) Q1 results might have been hurt by softness in retail and wholesale units, rising operating expenses and foreign exchange headwinds. Strength in e-commerce businesses might have
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