CPRI INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Capri Holdings Limited and Announces Opportunity for Investors with Substantial Losses to Lead the Capri Class Action Lawsuit

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]