NEW YORK, Jan. 3, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Capri Holdings Limited ("Capri Holdings" or the "Company") (NYSE: CPRI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Capri Holdings investors who were adversely affected by alleged securities fraud between August 10, 2023 and October 24, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/capri-holdings- ...

Core Viewpoint - A class action lawsuit has been filed against Capri Holdings Limited, alleging misleading statements regarding the accessible luxury handbag market and the implications of its acquisition strategy [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased Capri securities between August 10, 2023, and October 24, 2024 [1]. - Investors have until February 21, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against Capri - The lawsuit claims that Capri and Tapestry executives failed to disclose that the accessible luxury handbag market is a distinct market, and they maintained separate production facilities and supply chains for this market [3]. - It is alleged that Capri and Tapestry viewed Coach and Michael Kors as their closest competitors, while not considering their brands to be in direct competition with luxury or mass market handbags [3]. - The lawsuit suggests that a primary reason for the Capri acquisition was to consolidate brands within the accessible luxury handbag market to reduce competition and increase prices [3]. Group 3: Court Ruling and Market Impact - On October 24, 2024, a U.S. District Court judge granted a motion to preliminarily enjoin the Capri acquisition, citing substantial evidence that contradicted public statements made by the defendants [4]. - Following the court's decision, Capri's stock price fell by nearly 50% [4].

ATLANTA, Dec. 30, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Capri Holdings Limited (“Capri” or the “Company”) (NYSE: CPRI). The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts, including allegations that: (a) the accessible luxury handbag market is a distinct and well-defined market within the overall handbag market and understood as such by the Individual Defendants, as well as by o ...

NEW ORLEANS, Dec. 27, 2024 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 21, 2025 to file lead plaintiff applications in a securities class action lawsuit against Capri Holdings Limited (the "Company") (NYSE: CPRI), if they purchased the Company's shares and/or sold Capri puts between August 10, 2023 and October 24, 2024, inclusive (the "Class Period").  This action is pending in the ...

BOSTON, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against Capri Holdings Ltd. (NYSE: CPRI) and certain of its executives. Investors who have lost money in their Capri Holdings Ltd. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/cpri.  What is this all about? On August 10, 2023, Capri and Tapestry jointly announced their entry into a merger agree ...

SAN DIEGO, Dec. 26, 2024 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Capri Holdings Limited (NYSE: CPRI) stock or sellers of Capri puts between August 10, 2023 and October 24, 2024, both dates inclusive (the "Class Period"), have until February 21, 2025 to seek appointment as lead plaintiff of the Capri class action lawsuit. Captioned Hurwitz v. Capri Holdings Limited, (D. Del.), the Capri class action lawsuit charges Capri, Tapestry, Inc., and certain of th ...

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 ...