Group 1 - The Capri class action lawsuit alleges that the defendants made false and misleading statements regarding the accessible luxury handbag market, which is distinct from the luxury and mass market handbag segments [2] - The lawsuit claims that Capri and Tapestry maintained separate production facilities and supply chains for their accessible luxury handbags, indicating a clear market distinction [2] - The internal rationale for the Capri acquisition was to consolidate brands within the accessible luxury handbag market to reduce competition and increase prices, which heightened the risk of regulatory actions [2] Group 2 - The lawsuit involves Capri Holdings Limited and Tapestry, Inc., with a merger agreement announced on August 10, 2023, where Tapestry would acquire Capri for $57 per share [7] - Following a court ruling on October 24, 2024, the U.S. Federal Trade Commission's motion to preliminarily enjoin the Capri acquisition was granted, leading to a nearly 50% drop in Capri's stock price [8] - The lead plaintiff process allows any investor who purchased Capri stock or sold puts during the class period to seek appointment as lead plaintiff, representing the interests of the class [9]

Capri (NYSE: CPRI ) is a risky value stock that needs to error-correct on multiple fronts and drive growth via e-commerce and reinforcing its brands. Should management’s approach succeed, investors will find themselves on the cusp ofEquity research with an emphasis on intrinsic value. We prioritize undervalued and growing companies, preferably in the early stages of their development. We have an internal wishlist - message us a ticker or write it in comment sections.Analyst’s Disclosure: I/we have no stock, ...

Capri Holdings Limited (NYSE:CPRI) Strategic Update Conference Call November 14, 2024 11:00 AM ET Company Participants Jennifer Davis - VP, IR John Idol - Chairman and CEO Tom Edwards - CFO and COO Conference Call Participants Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Jay Sole - UBS Bob Drbul - Guggenheim Oliver Chen - TD Cowen Rick Patel - Raymond James Mark Altschwager - Robert W. Baird Operator Greetings, and welcome to the Capri Holdings Limited Strategy Update Call. At this time, all partici ...

图 VERSACE MICHAEI November 2024 Strategy Update Presentation November 14, 2024 STRATEGY UPDATE • COMMUNICATION STRATEGY | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | o Engage and inspire both new and existing consumers | | | | | | PRODUCT STRATEGY | | | | | | o Create exciting fashion that resonates with our consumers OMNI-CHANNEL STRATEGY | | | | | | | | | | | | o Leverage digit ...

The luxury fashion brand merger between Capri and Tapestry is officially off, as the two companies announced Thursday that they will abandon the merger because they were unlikely to gain regulatory approval. The proposed $8.5 billion merger was first announced in August 2023 but has faced scrutiny from the Federal Trade Commission (FTC), which sued to block the deal earlier this year over concerns it would undermine competition in the luxury handbag and accessories space. In late October, a federal judge bl ...

Capri and Tapestry called off their merger on Thursday after the megadeal was blocked by the Federal Trade Commission. The two U.S.-based luxury houses "mutually agreed" that ending the merger agreement was in their best interests as they were unlikely to get regulatory approval before the deal was set to expire in February. "With the termination of the merger agreement, we are now focusing on the future of Capri and our three iconic luxury houses," Capri CEO Johh Idol said in a statement. "Looking ahead, I ...

Core Viewpoint - Capri Holdings' international operations are critical for assessing its financial resilience and growth prospects, especially in the context of a declining total revenue for the quarter ended September 2024 [1][4]. Group 1: International Revenue Performance - Capri Holdings reported total revenue of $1.08 billion for the quarter, a decline of 16.4% year over year [4]. - EMEA generated $348 million, accounting for 32.25% of total revenue, which was a slight miss of 0.6% compared to analyst expectations [5]. - Asia contributed $140 million, representing 12.97% of total revenue, falling short by 28.58% from the expected $196.03 million [6]. Group 2: Future Revenue Projections - Analysts project total revenue for the current fiscal quarter to reach $1.33 billion, reflecting a decline of 6.7% from the same quarter last year [7]. - For the entire year, total revenue is forecasted at $4.74 billion, an 8.2% reduction from the previous year, with EMEA expected to contribute 27.9% and Asia 16.9% [8]. Group 3: Market Context and Challenges - The interconnected global economy necessitates a company's success in international markets for financial health and growth, while also presenting challenges such as currency fluctuations and geopolitical uncertainties [2][3]. - Financial analysts are closely monitoring international revenue trends to refine earnings estimates, which are influenced by various factors including local market status [10].

Shares of the Michael Kors parent dropped on a disappointing earnings report.In its first earnings report since its merger with Coach parent Tapestry was blocked, Capri Holdings (CPRI -7.53%) had more disappointing news for investors after it missed estimates in its fiscal second-quarter earnings report.As of 2:39 p.m. ET, the stock was down 10.4% on the news. Capri comes up shortThe parent company of Michael Kors, Jimmy Choo, and Versace said that revenue in the quarter fell 16.4% to $1.08 billion, which m ...

Key TakeawaysVersace's parent company, Capri Holdings, reported fiscal-second-quarter results that missed analysts' expectations.CEO John Idol pinned declining revenue on “softening demand globally for fashion luxury goods.” The company's stock has lost about half its value since the FTC blocked a planned merger with rival Tapestry last month. Capri Holdings (CPRI) saw its shares tumble Friday after reporting fiscal second-quarter results after yesterday's closing bell that fell short of Wall Street's expec ...

Capri Holdings Limited (CPRI) posted drab second-quarter fiscal 2025 results, wherein both top and bottom lines declined year over year and lagged the Zacks Consensus Estimate. The company’s second-quarter results were impacted by a global slowdown in demand for luxury fashion goods. Despite this challenging retail environment, the company remains focused on executing CPRI’s strategic initiatives aimed at delivering long-term, sustainable growth across its three luxury brands. The company also reported a po ...