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The Latest Breaking News from CAPRI

CIO of Coach parent Tapestry on tech gameplan in wake of scrapped Capri merger

With Tapestry's $8.5 billion merger with luxury retail peer Capri called off, CIO Yang Lu can dedicate her focus on innovative technologies, like artificial intelligence.

Fortune

A major luxury fashion brand has a new plan.

The Street

Here's what comes next for Tapestry and Capri after the death of their major fashion merger

Now Michael Kors' owner Capri has to figure out how to survive without the Tapestry deal.

Fortune

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Coach Owner Tapestry Calls Off Capri Bid On Regulatory Blocks

Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands including Michael Kors and Versace, following a successful legal challenge by US regulators.

International Business Times

Maker of Coach handbags calls off merger with company that produces Michael Kors accessories

Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to overcome an antitrust challenge within an acceptable time frame

The Independent UK

Two major fashion handbag brands were just dealt a big blow by the U.S. government

The U.S. government has taken two of the biggest luxury fashion brands to task.

The Street

Midday stock movers: Tapestry, Capri, Deckers Outdoor, Spirit Airlines, and more

Here are the stocks making the biggest market moves midday.

The Street

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Capri Stock Craters After Judge Blocks Tapestry Merger: What to Know

Capri Holdings stock has been nearly cut in half Friday after a U.S. judge blocked the retailer's proposed merger with Kate Spade parent Tapestry.

Kiplinger

Michael Kors Parent Craters On Blocked Merger With Tapestry

Shares of Michael Kors parent Capri unraveled early Friday after a judge blocked its $8.5 billion merger with Coach owner Tapestry.

Investors Business Daily

Tesla shares take a break from soaring as investors punish Michael Kors-owner for court loss

China markets rose slightly while Japan's sagged before its Sunday elections. The biggest action was in the U.S. where Tesla took a break and Capri took a hit.

Fortune

US Court Blocks Coach Owner's $8.5 Bn Buyout Of Versace Parent

A US judge on Thursday blocked fashion group Tapestry's $8.5 billion deal to buy Capri, which owns luxury brands including Michael Kors and Versace, citing a potential loss of competition.

International Business Times

FTC trial against $8.5 billion U.S. luxury merger heats up

Two U.S. luxury houses and the FTC are set to battle in court to reach a final decision that will change the market.

The Street

Michael Kors admits defeat by influencers and celebrities, claiming ‘brand fatigue’ in $8.5 billion federal antitrust trial

The FTC is attempting to block Tapestry’s acquisition of Capri, which would create a bag behemoth.

Fortune

New Ford Capri: Here's A Detailed Video Walkaround

Let's do a deep dive into what makes the new electric Ford Capri four-door so very interesting. Underneath, it's a Volkswagen, but will buyers care?

InsideEVs

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InsideEVs

The Ford Capri Is Already Catching Shade From Polestar's CEO

Polestar CEO Thomas Ingenlath had something to say about Ford's newest EV.

Evening Standard

Blackpink’s Jennie Kim walks her first catwalk for Jacquemus as Dua Lipa sits front row

The Blackpink band member earned her fashion stripes as she took to Jacquemus’ Capri catwalk

Barchart

Capri Holdings: May 17 $35 Unusually Active Call Option Is a No-Brainer

One stock stood above all others in Wednesday’s unusual options activity. Capri Holdings’ May 17 $35 call had a Vol/OI ratio of 526.92, almost three times the next-highest ratio. Whoever was buying yesterday was right on the money. Here’s why.

Barchart

Wednesday’s Unusual Options Activity Highlighted Canadian Call vs. Luxury Put. Which to Bet On? I Like Both.

The top unusually active option in Wednesday trading was a Nio call with a Vol/OI ratio of 69.17. While its $8 strike is tempting, a Canadian call and a luxury put in the top 25 hold more interest. Here’s why.

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Fortune

Tapestry's chief didn't think she was the 'CEO type'

The CEO behind Coach and Kate Spade is pulling off the industry's largest deal in more than a decade.

Fortune

Meet the CEO behind the huge fashion deal uniting Coach with Michael Kors

The biggest luxury fashion M&A deal in decades, Tapestry's purchase of Capri Holdings, means new challenges for CEO Joanne Crevoiserat.

Fortune

Coach parent buys Versace and Michael Kors owner for $8.5 billion as U.S. big fashion races to catch up with billionaire Bernard Arnault’s European luxury giant LVMH

Tapestry’s acquisition of Capri is a move to wield greater influence in the European-dominated luxury market and mitigate the effects of slowed consumer spending.

Investors Business Daily

Stock Market Weakens But Slightly Green; Leading Biotech Plummets

The stock market pulls back from the day's highs. Yeti outdoor products stock popped after the company reported earnings.

Investors Business Daily

Michael Kors Parent Spikes 58%. But Are Versace, Jimmy Choo Worth $8.5 Billion?

Coach parent Tapestry is buying Michael Kors and Versace owner Capri Holdings for $8.5 billion. CPRI stock soars 58%, TPR stock retreats.

Evening Standard

Coach owner buys Versace parent company to create new US luxury fashion giant

The merger creates a business with global sales of more than $12 billion a year and annual profits of close to $2 billion

The Street

Versace, Kate Spade combine in $8.5 billion luxury brands takeover

"The combination of Coach, Kate Spade, and Stuart Weitzman together with Versace, Jimmy Choo, and Michael Kors creates a new powerful global luxury house," said Tapestry CEO Joanne Crevoiseerat.

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