February 21, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against CPRI

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Capri Holdings Limited regarding a class action lawsuit related to misleading statements and omissions during a specified class period [1][3]. Group 1: Allegations - The complaint alleges that during the class period from August 10, 2023, to October 24, 2024, defendants made materially false and misleading statements about the accessible luxury handbag market [3]. - It is claimed that Capri and Tapestry maintained distinct production facilities and supply chains for their accessible luxury handbags, separate from those used for luxury or mass market handbags [3]. - The internal competition perception between Capri and Tapestry's brands, specifically Coach and Michael Kors, is highlighted, indicating they were seen as direct competitors, while not competing with luxury or mass market handbags [3]. - The acquisition of Capri by Tapestry was primarily aimed at consolidating brands within the accessible luxury handbag market to reduce competition and increase profit margins [3]. - The risk of regulatory actions or the acquisition being blocked was allegedly higher than what was represented by the defendants [3]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of CPRI during the class period are encouraged to register for the class action by February 21, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].