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, alleging that the company made false and misleading statements regarding the accessible luxury handbag market during the class period from August 10, 2023, to October 24, 2024 [1][3]. Group 1: Allegations in the Lawsuit - The lawsuit claims that the accessible luxury handbag market is a distinct segment within the overall handbag industry, known to executives at Capri and Tapestry, Inc. [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 to reduce competition and improve profit margins [3]. - The likelihood of adverse regulatory actions regarding the Capri Acquisition was reportedly higher than what the defendants had disclosed [3]. Group 2: Investor Information - Investors have until February 21, 2025, to file a lead plaintiff motion in the class action lawsuit [1]. - The Portnoy Law Firm offers complimentary case evaluations for investors seeking to recover losses related to the alleged corporate wrongdoing [2][4].