Capri Holdings Limited Shareholders are Encouraged to Contact Robbins LLP for Information About the CPRI Class Action

Class Action Lawsuit Against Capri Holdings Limited - A class action lawsuit has been filed on behalf of shareholders who purchased or sold Capri Holdings Limited (NYSE: CPRI) stock between August 10, 2023, and October 24, 2024 [4] - Shareholders who wish to serve as lead plaintiff must submit their application by February 21, 2025 [1] - The lawsuit alleges that Capri Holdings misled investors regarding the viability of its acquisition by Tapestry, Inc [5] Allegations in the Complaint - The complaint alleges that Capri and Tapestry failed to disclose key information about the accessible luxury handbag market, including its distinct nature and competitive dynamics [7] - Capri and Tapestry internally considered Coach and Michael Kors to be each other's closest competitors, but did not consider their brands to be in direct competition with luxury or mass market handbags [7] - The primary rationale for the Capri acquisition was to consolidate brands within the accessible luxury handbag market, reduce competition, increase prices, and improve profit margins [7] FTC Intervention and Stock Price Impact - On April 22, 2024, the FTC filed an action to block the Capri acquisition, alleging it would eliminate competition between Kate Spade, Coach, and Michael Kors [6] - The FTC successfully blocked the acquisition on October 24, 2024, causing Capri's stock price to fall to $21 26 per share, a nearly 50$1 billion for shareholders since its inception in 2002 [8]