Group 1 - The "Trump Tariff Losers" index increased by 0.85%, reaching 84.49 points [1] - Zebra Technologies saw a rise of 5.16%, while Five Below increased by 3.12% [1] - Gap and Coach also experienced gains, with increases of 1.35% and 1.13% respectively [1] Group 2 - Dollar Tree rose by 0.9%, indicating a positive performance among some retailers [1] - Best Buy declined by 1.19%, and Harley-Davidson fell by 1.24%, showing mixed results in the sector [1]

Core Viewpoint - Capri Holdings Ltd is selling the Versace brand to Prada for $1.375 billion, which is expected to close in the second half of 2025 pending regulatory approval [1][2]. Group 1: Financial Impact - The proceeds from the sale will strengthen Capri's balance sheet, enhance investment in Michael Kors, and support debt reduction and share buybacks [2]. - Capri originally purchased Versace for $2.12 billion in 2018, indicating a loss on the sale [2][4]. - The sale is anticipated to boost overall company margins and free up funds for revitalization efforts for Michael Kors [4]. Group 2: Market Context - The sale of Versace was anticipated, with reports of Capri seeking a buyer circulating for months, and Prada emerging as a likely suitor [2]. - The analyst estimates that Prada is paying approximately 22x FY24 EBITDA and 1.6x trailing sales for Versace [3]. Group 3: Strategic Considerations - The sale is viewed as a logical move for Capri following the failed acquisition of Tapestry Inc., allowing the company to raise capital and enhance margins [3]. - Parting with Versace eliminates a previously expected growth catalyst, raising questions about the future profitability of Michael Kors due to ongoing challenges in wholesale and promotional markets [4].

Core Viewpoint - Capri Holdings Limited has agreed to sell its luxury fashion brand Versace to Prada S.p.A. for $1.375 billion in an all-cash deal, expected to close in the second half of 2025, indicating ongoing consolidation in the luxury fashion industry [1] Group 1: Sale and Strategic Repositioning - The sale follows a successful six-year strategic repositioning of Versace, focusing on luxury heritage and craftsmanship, which has laid a strong foundation for sustainable long-term growth [2] - Capri Holdings aims to strengthen its financial position and concentrate resources on its remaining brands, Michael Kors and Jimmy Choo, following the sale of Versace [4] Group 2: Financial Implications - Proceeds from the Versace sale will be allocated to strategic business investments, debt reduction, and potential share repurchase programs, enhancing shareholder value and providing financial flexibility for growth opportunities [5] Group 3: Brand Performance and Market Position - Capri Holdings is experiencing strong brand equity and consumer engagement, driven by strategic digital marketing and product launches, which support long-term success [6] - The company has recalibrated pricing across its portfolio to improve full-price sell-through and reduce markdown dependency, with Versace's new products contributing to mid-single-digit average unit retail growth [7] Group 4: Market Challenges - Capri Holdings' shares have declined by 38.5% over the past three months, compared to a 24.6% decline in the industry, reflecting broader challenges in the luxury fashion market amid soft global demand [8]

中国将 "适度" 减少美国电影进口数量。 国家电影局发言人称，美国政府加征关税 "会令国内观众对美国影片好感度进一步降低"，因此将 遵循市场规律，适度减少美国影片进口数量。中国是全球第二大电影市场，据猫眼娱乐数据，引入 国内的美国电影数量在 2018 年达到峰值，共 63 部，随后数量下滑，2022 年仅 25 部，去年又升至 42 部。近年来国产电影更受消费者支持，一个例子是《哪吒之魔童闹海》全球票房已破 156 亿， 进入全球影史票房第五。 优衣库大部分销往美国的优衣库产品都产自东南亚，此前特朗普宣布将对中国以外的其他国家、地 区暂停征收 90 天的关税。有分析师称，纺织供应链比其他行业供应链灵活，关税对优衣库的负面 影响将小于任天堂、丰田等日本公司。 马云现身阿里云谷园区。 社媒流传的影像显示，马云身穿阿里云 15 周年纪念 T 恤，并佩戴了阿里新版工牌，工牌上印有他 的照片和花名 "风清扬"。此行他参加了阿里云新财年启动会并上台讲话。据我们了解，阿里近期 在大力鼓励员工佩戴工牌，并推出了有戴脖、斜挎和卡夹三种戴法的新工牌，员工可自愿申请换 新，员工还可凭工牌享受园区附近商户的折扣。自去年底以来，马云已 ...

Core Insights - The U.S. Federal Trade Commission blocked the merger between Tapestry (TPR) and Capri Holdings (CPRI), impacting investor sentiment and market dynamics [1] Company Analysis - Capri Holdings has been under scrutiny following the merger blockage, which may affect its strategic direction and market positioning [1] - The analysis indicates a long position in Capri Holdings shares, suggesting confidence in the company's future performance despite recent challenges [1] Industry Context - The merger blockage reflects ongoing regulatory scrutiny in the luxury goods sector, which may influence future M&A activities within the industry [1]

Core Viewpoint - Prada is considering a takeover of Versace, with negotiations entering a final phase and a potential announcement expected soon [1][4]. Group 1: Deal Details - A potential deal to acquire Versace, currently owned by Capri Holdings, could be announced on Thursday, with the price possibly reduced to 1 billion euros ($1.1 billion), which is one-third lower than initial estimates [2]. - Capri Holdings' CEO John Idol is expected to visit Milan to discuss the deal, indicating active engagement in the negotiations [3]. - Prada had exclusive access to Versace's financial data for four weeks starting in late February, which has since been extended, suggesting thorough due diligence [3]. Group 2: Company Background - Versace was acquired by Capri Holdings for 1.8 billion euros in 2018 but has been operating at a loss recently [6]. - Donatella Versace recently stepped down as chief creative officer, with Dario Vitale, a former Miu Miu designer, taking over the role [6].

Core Viewpoint - Capri Holdings reported disappointing Q3 fiscal 2025 results, with both revenue and earnings declining year over year, although total revenues exceeded consensus estimates while earnings fell short [2][3]. Financial Performance - Adjusted quarterly earnings were 45 cents per share, down from $1.20 in the same period last year, and below the Zacks Consensus Estimate of 63 cents per share [3]. - Total revenues reached $1,261 million, surpassing the Zacks Consensus Estimate of $1,248 million, but decreased by 11.6% year over year on a reported basis and 11.4% on a constant-currency basis [4]. - Gross profit fell 12.5% year over year to $812 million, with gross margin contracting by 60 basis points to 64.4% due to lower full-price sell-throughs [4]. Segment Performance - Versace's revenues declined 15% year over year to $193 million, with retail sales dropping in the mid-teens and wholesale revenues declining in double digits [6]. - Jimmy Choo's revenues were $159 million, marking a 4.2% decrease, with retail sales stable and wholesale revenues down in the mid-teens [7]. - Michael Kors reported revenues of $909 million, a decrease of 12.1%, with retail sales declining in the low teens and wholesale revenues falling in the high-single digits [8]. Financial Health - The company ended the quarter with cash and cash equivalents of $356 million, long-term debt of $1.45 billion, and total shareholders' equity of $1.07 billion [9]. - Operating cash flow for the fiscal third quarter was $309 million, while free cash flow totaled $278 million [9]. Future Outlook - For fiscal 2025, Capri Holdings expects total revenues of $4.4 billion, with adjusted operating income projected at $100 million [10]. - For fiscal 2026, total revenues are anticipated to be $4.1 billion, with adjusted operating income expected to reach $150 million [12]. Estimate Trends - Recent estimates have trended downward, with the consensus estimate shifting by -178.05% [14]. - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of below-average returns in the coming months [16].

Core Viewpoint - Capri Holdings Ltd.'s stock increased by 7.8% following reports of a potential sale of its Versace brand to Prada SpA for 1.5 billion euros [1] Group 1: Company Details - The deal for Versace is valued at 1.5 billion euros, as reported by Bloomberg [1] - Versace was founded in 1878 by Gianni Versace and is currently managed by his sister, Donatella Versace [1] Group 2: Market Reaction - Capri Holdings Ltd.'s stock experienced a significant rise of 7.8% early Monday due to the news of the potential sale [1]

Core Viewpoint - A class action lawsuit has been filed against Capri Holdings Limited, alleging that the company made false and misleading statements regarding the accessible luxury handbag market during the class period from August 10, 2023, to October 24, 2024 [1][3]. Group 1: Allegations in the Lawsuit - The lawsuit claims that the accessible luxury handbag market is a distinct segment within the overall handbag industry, known to executives at Capri and Tapestry, Inc. [3] - It is alleged that Capri and Tapestry maintained separate production facilities and supply chains for their accessible luxury handbags, confirming the distinct nature of this market [3]. - The lawsuit states 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]. - A primary reason for Tapestry's failed acquisition attempt of Capri was to consolidate brands in the accessible luxury handbag market to reduce competition and improve profit margins [3]. - The likelihood of adverse regulatory actions regarding the Capri Acquisition was reportedly higher than what the defendants had disclosed [3]. Group 2: Investor Information - Investors have until February 21, 2025, to file a lead plaintiff motion in the class action lawsuit [1]. - The Portnoy Law Firm offers complimentary case evaluations for investors seeking to recover losses related to the alleged corporate wrongdoing [2][4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Capri Holdings Limited due to allegations of violations of federal securities laws, particularly concerning misleading statements about the accessible luxury handbag market and the implications of the Capri acquisition [2][4]. Group 1: Legal Proceedings and Allegations - The complaint alleges that Capri and its executives made false and misleading statements regarding the distinct nature of the accessible luxury handbag market and its competition with other market segments [4]. - The lawsuit claims that the internal rationale for the Capri acquisition was to consolidate brands within the accessible luxury handbag market, thereby reducing competition and increasing prices [4]. - 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 [5]. Group 2: Investor Information and Actions - Investors who suffered losses exceeding $50,000 in Capri between August 10, 2023, and October 24, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1]. - The deadline for investors to seek the role of lead plaintiff in the federal securities class action against Capri is February 21, 2025 [2]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Capri's conduct [7].