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The Latest Breaking News from CAPRI

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.

Fortune

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.

Investors Business Daily

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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

Evening Standard

Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in $8.5 billion deal

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

The Independent UK

The 12-string guitar that defined the ‘60s: in praise of the Rickenbacker Capri

A favourite of The Beatles and The Byrds, these era-defining electrics still resonate

Guitar World

Big Interview: In Capri swimwear founder Isabelle Alexander on why looking good can also be sustainable

Ethical brand has gravitated towards a love for nostalgic summers spent in Italy

Birmingham Post

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Amanda Holden strikes pose in plunging swimwear during glamorous Italian holiday

The BGT judge has been sharing snaps of her stylish summer looks on Instagram.

Daily Record

Michael Kors-owner Beats Revenue Estimates on Resilient Luxury Demand

Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates on Tuesday, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices. The effects of 40-year-high inflation has shown little, if any, impact on middle- and high-income households who have been spending on designer…

Asharq Al-Awsat

Solid Earnings, $1B Buyback, Detailed FY23 Outlook - Michael Kors Parent's Q4 Highlights

Capri Holdings Ltd (NYSE:CPRI) reported fourth-quarter FY22 sales growth of 24.6% to $1.49 billion, beating the consensus of $1.41 billion. Versace revenue increased 34% Y/Y to $315 million, Jimmy Choo revenue rose 25.8% to $156 million, and Michael Kors revenue expanded 21.8% to $1.021 billion. Gross profit rose 29.5% Y/Y to $956 million, and…

Benzinga

Why Capri Holdings Stock Is Trading Higher

Capri Holdings Ltd (NYSE: CPRI) shares are trading higher Wednesday after the company reported better-than-expected financial results, issued earnings guidance above analyst estimates and announced a buyback.

Benzinga

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