About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

The Federal Trade Commission said Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition.This comes at a time when several US lawmakers have sought increased scrutiny from the FTC of several multi-billion dollar deals that might risk higher prices and affect consumers.US antitrust enforcers had also come out with new merger guidelines in December, in a bid to encourage fair, open and competitive markets. 3 Coach parent ...

The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry.The move by regulators brings at least a temporary halt to a deal that would marry two major names in American luxury retail and put six fashion brands under a single company: Tapestry's Coach, Kate Spade and Stuart Weitzman and Capri's Versace, Jimmy Choo and Michael Kors. With the transaction, the luxury brands could be poised to better compete with Eu ...

Tapestry's Coach brand (Photo by Eduardo MunozAlvarez / VIEWpress via Getty Images)Corbis via Getty ImagesThe $8.5 billion Tapestry acquisition of Capri Holding deal announced last August is on ice, after the NYT Dealbook broke the news the Federal Trade Commission may sue to block the agreement.FTC commissioners will meet next week to take up the case, as they consider whether the acquisition could be in violation of anti-trust regulations. On a side note, the European Union and Japan have approved the acq ...

Federal antitrust regulators are planning to file a lawsuit to block Coach parent Tapestry's $8.5 billion bid to buy Michael Kors owner Capri, according to a report by New York Times Dealbook. The Federal Trade Commission (FTC) is expected to hold a meeting next week to discuss the case, which could lead the commissioners to hold a vote on filing the lawsuit — though the report noted that the agency may decide not to sue.The proposed merger would bring together top luxury brands including Tapestry's Kate Sp ...

The apparel business is one that is wrought with difficulties. Not only are the companies required to constantly adjust to the fickle consumers’ clothing preferences, but they are also have to efficiently manage the inventories of these shifting options.Capri Holdings (CPRI) , formerly known as Michael Kors Holdings Limited, is a multinational fashion luxury group known for its portfolio of apparel brands, which include Michael Kors, Versace, and Jimmy Choo.Capri Holdings has not been a very good stock to o ...

tupungato Tapestry, Inc. (NYSE:TPR) has captured a new wave of operating and financial momentum, quietly pushing shares to a near 3-year high. The company's latest quarterly report beat expectations, highlighted by expanding margins, turning the page on a challenging last couple of years between the pandemic disruptions and the more recent wave of inflationary cost pressures. It's been a few years since we last covered Tapestry, and while a lot has changed, we sense that the outlook is stronger than ever co ...

For the quarter ended December 2023, Capri Holdings (CPRI) reported revenue of $1.43 billion, down 5.6% over the same period last year. EPS came in at $1.20, compared to $1.84 in the year-ago quarter.The reported revenue represents a surprise of -3.20% over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $1.74, the EPS surprise was -31.03%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Capri Holdings (CPRI) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -31.03%. A quarter ago, it was expected that this luxury retailer would post earnings of $1.49 per share when it actually produced earnings of $1.13, delivering a surprise of -24.16%.Over the last four quarters, the ...