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The Latest Breaking News from Tapestry

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

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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

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.

AAP

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.

Barchart

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.

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.

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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.

The Independent UK

Michael Kors pays tribute to late mother with waterfront runway show set to Bacharach tunes

On a waterfront promenade lined with pink flowers and facing Manhattan’s majestic skyline, designer Michael Kors paid tribute to his late mother with a show honoring the travels the two enjoyed together

The Guardian - UK

New York fashion week kicks off at city’s public library

Luxury brand Coach’s spring/summer 2024 launch almost upstaged by animal rights protest

Barchart

A Luxury Goods Stock to Avoid During the "Richcession"

Tapestry stands out as a stock to sell during the richcession, thanks to a cloudy sales outlook and a valuation that still looks too rich.

Fortune

The Fearless Fund founders have some strong words for the conservative activist group suing them

Founders Arian Simone and Ayana Parsons spoke about the lawsuit Thursday: “We are not scared,” said Simone.

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