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The Latest Breaking News from Capri Holdings

Michael Kors Parent Warns Middle East Conflict Is Taking a Toll on Luxury Sales

Capri Holdings Ltd. (NYSE:CPRI) stock fell Wednesday after the luxury fashion company lowered its fiscal 2027 revenue forecast, citing inventory shortages at Michael Kors, weaker demand in Europe, the Middle East and Africa (EMEA), and foreign exchange headwinds, even as it reported first-quarter results that topped Wall Street earnings expectations.

‘You have to stay curious’: Michael Kors on his inclusive brand’s global rise

With a return to thinness in the fashion industry, catwalks spanning size, age and race may be the secret of the Kors appeal

The Guardian - UK

Prada Snaps Up Rival Versace in $1.4B Deal - CEO Andrea Guerra Rules Out More M&A

Prada Snaps Up Rival Versace in $1.4B Deal - CEO Andrea Guerra Rules Out More M&A

Prada completes its acquisition of Versace, with Lorenzo Bertelli as Executive Chairman and Andrea Guerra as CEO.

International Business Times UK

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Prada completes takeover of fashion rival for £1.10 billion

Prada has underscored that Versace offers ‘significant untapped growth potential’

The Independent UK

Prada Buys Versace in £1.1 Billion Fashion Power Move

In a bold shakeup of the fashion world, Prada has officially snapped up iconic Italian fashion house Versace in a deal worth €1.25 billion (£1.1 billion).

The Fashion Central

Prada Snatches Up Rival Fashion House Versace In $2.2 Billion Dollar Deal

Luxury fashion brand Prada has bought fellow Italian-founded luxe labvel Versace in a $2.2 billion dollar deal.

Italy's Prada Agrees To Buy Rival Versace For 1.25 Bn Euros

Italian fashion house Prada announced Thursday it had reached a deal with US group Capri Holdings to buy its flashy rival Versace for 1.25 billion euros ($1.38 billion).

International Business Times

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Prada agrees to buy rival Versace in a deal valued at over $1bn

Prada agrees to buy rival Versace in a deal valued at over $1bn

The final value of the deal will be adjusted at closing, expected in the second half of the year

The Independent UK

Prada scores a $200 million discount on imminent Versace deal thanks to tariff uncertainty, report says

Prada scores a $200 million discount on imminent Versace deal thanks to tariff uncertainty, report says

After months of speculation, Prada's acquisition of Versace might finally happen—but the tariffs impact the deal's price.

Donatella Versace out as creative director of the Milan fashion house, in a shakeup by US owner

Donatella Versace out as creative director of the Milan fashion house, in a shakeup by US owner

Donatella Versace has been replaced as creative director of the fashion house founded by her late brother Gianni Versace, assuming the new role of chief brand ambassador, Versace’s U.S. owner Capri Holdings announced on Thursday

The Independent UK

Stocks Turn Lower on Stagflation Fears

Stocks Turn Lower on Stagflation Fears

The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.16%. March E-mini S&P futures (ESH25 ) are down -0.20%, and March E-mini Nasdaq futures...

Positive Corporate News Supports Stocks Ahead of Tuesday's Tariff News

Positive Corporate News Supports Stocks Ahead of Tuesday's Tariff News

The S&P 500 Index ($SPX ) (SPY ) today is down -0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.20%. March E-mini S&P futures (ESH25 ) are up +0.05%, and March E-mini Nasdaq futures...

Prada heiress who took the fashion label to new highs with Miu Miu, is eyeing Versace—but she won’t be the only one

Prada heiress who took the fashion label to new highs with Miu Miu, is eyeing Versace—but she won’t be the only one

“Versace is on everyone’s table,” said Miuccia Prada, the owner of the eponymous brand founded by her grandfather.

Stocks Gain Ahead of This Week’s FOMC Meeting

Stocks Gain Ahead of This Week’s FOMC Meeting

The S&P 500 Index ($SPX ) (SPY ) today is up (+0.41%), the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.94%. Dec E-mini S&P futures (ESZ24 ) are up +0.40%, and Dec E-mini Nasdaq futures...

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Lower T-Note Yields Boost Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up (+0.31%), the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.76%. Dec E-mini S&P futures (ESZ24 ) are up +0.22%, and Dec E-mini Nasdaq futures...

Stocks Settle Mixed as Early Gains Fade on Mixed Corporate News

The S&P 500 Index ($SPX ) (SPY ) Friday closed down by -0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.59%. Stocks on Friday settled mixed, with the Dow Jones Industrials falling...

Stocks Rally as Chip Stocks Jump on Western Digital Earnings

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.86%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +1.53%. Stocks today are moderately higher, with the Nasdaq 100 posting a...

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.

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Bernard Arnault plummets down the list of world’s richest men after a $54 billion collapse

The LVMH founder's falling net worth is a sign of a struggling luxury goods industry.

Stock Index Futures Rise After Weekly Job Numbers are Released

September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.03% this morning as market participants geared up for U.S. weekly jobless claims data and the next round of quarterly results while also awaiting remarks from a Federal Reserve official.

Stocks Muted Before the Open as Investors Await U.S. Jobs Data and Earnings Reports, Fed Speak on Tap

September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.03% this morning as market participants geared up for U.S. weekly jobless claims data and the next round of quarterly results while also awaiting remarks from a Federal Reserve official.

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.

FTC To Sue To Block Capri-Tapestry .5B Takeover: NYT

FTC considers lawsuit to block Capri Holdings acquisition by Tapestry Inc., raising antitrust concerns in luxury fashion industry.

EU Regulators To Decide On Tapestry Deal By Mid-April

EU regulators to decide on Capri Holdings' acquisition of Tapestry Inc. Impact on fashion industry and luxury brands.

Tapestry's Q2 earnings expected to miss expectations amid debt concerns

Tapestry, the luxury goods retailer, is expected to report lower revenues and earnings in its fiscal Q2 due to challenges in consumer spending and its upco...

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