The Latest Breaking News from Tapestry

Tapestry’s purchase of three big fashion names gives it heft. But LVMH and Kering have the front row to themselves

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.16%. Today’s benign U.S. July CPI report bolstered the outlook...

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.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.90%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.22%. Stocks this morning are moderately higher, with the Dow...

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

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.54%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.80%. Stock indexes this morning are moderately higher after the weaker-than-expected U.S. Jul CPI report bolstered the outlook for the Fed to pause its interest rate...

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

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

"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.

Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings

Tapestry shows rising price performance, earning an upgrade to its IBD Relative Strength Rating