Capri Holdings Is An Attractive Investment

Mariakray/iStock via Getty Images Overview Capri Holdings (NYSE:CPRI), which owns the Michael Kors, Jimmy Choo, and Versace brands, represents a great investment at today's price of $33.55 per share. In August 2023, Tapestry (TPR), which owns the Coach, Kate Spade, and Stuart Weitzman brands, made an offer to acquire CPRI for$57 per share, or a 70% premium to Capri's current share price. While the FTC has sued to block this merger (more on this later), even if the deal does not go through, Capri's current ...