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The Latest Breaking News from Tapestry

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

How digging into data saved the Tabby bag from a premature end

Falling sales almost ended Coach's Tabby bag prematurely. Data helped save the viral handbag.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Is Wall Street Bullish or Bearish on Tapestry Stock?

Tapestry has significantly outperformed the broader market over the past year, and analysts remain moderately bullish on the stock’s prospects.

Barchart

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...

Barchart

Stock Market Today: Nasdaq Gains Ahead of Mega-Cap Earnings

The S&P 500 and the Dow Jones Industrial Average slipped as McDonald's continued to slide.

Kiplinger

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...

Barchart

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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

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

Tapestry Stock: Is TPR Outperforming the Consumer Discretionary Sector?

Despite Tapestry’s outperformance relative to the consumer discretionary sector over the past year, Wall Street analysts remain cautiously optimistic about the stock’s prospects.

Barchart

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

Nvidia stock loses $280 billion in value as it confronts the antitrust police

Officials want to know if the AI chipmaker makes it hard for buyers to switch or shop around.

Fortune

Are Wall Street Analysts Bullish on Tapestry Stock?

Despite lagging behind the broader market over the past year, analysts remain moderately bullish on Tapestry’s prospects.

Barchart

Here's What to Expect From Tapestry's Next Earnings Report

Tapestry is expected to announce its fourth-quarter earnings next month, and analysts expect a single-digit earnings dip.

Barchart

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news in one place.

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AAP

Google and CSIRO team up to solve solar surplus problem

Using more renewable energy could require faster and more reliable technology, according to Google's research arm is working with the CSIRO to create it.

Barchart

What Are Wall Street Analysts' Target Price for Tapestry Stock?

Despite Tapestry trailing the broader market over the past year, Wall Street analysts remain cautiously optimistic about the stock's outlook.

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.

Top News

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...

Fortune

The pandemic CEO: How executives who came to power forged the blueprint for a new kind of leader

The Fortune 500 companies that appointed new CEOs in the pandemic outperformed their peers. These 5 traits help explain why.

StockNews.com

POWR Income Stock of the Week: Tapestry (TPR)

In a rising rate economy, luxury brands often do better than other consumer goods companies, because high end consumers are not impacted by rising rates as much. That was definitely the story this cycle. And, as rates turn, which may be happening soon, luxury is the first to come back,…

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.

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