Capri Holdings Limited Investors: Please contact the Portnoy Law Firm to recover your losses. February 21, 2025 Deadline to file Lead Plaintiff Motion.

Core Viewpoint - A class action lawsuit has been filed against Capri Holdings Limited, representing investors who purchased securities between August 10, 2023, and October 24, 2024, alleging false and misleading statements by the company [1][3]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period, Capri and Tapestry, Inc. failed to disclose that the accessible luxury handbag market is a distinct segment within the overall handbag industry [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, aiming to reduce competition and increase prices and profit margins [3]. - The likelihood of adverse regulatory actions regarding the Capri Acquisition was reportedly higher than what the defendants had represented, leading to investor damages when this information became public [3]. Group 2: Investor Actions - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss options for pursuing claims to recover losses [2][4]. - Investors have until February 21, 2025, to file a lead plaintiff motion in the class action lawsuit [1].