The Latest Breaking News from CAPRI

One stock stood above all others in Wednesday’s unusual options activity. Capri Holdings’ May 17 $35 call had a Vol/OI ratio of 526.92, almost three times the next-highest ratio. Whoever was buying yesterday was right on the money. Here’s why.

The top unusually active option in Wednesday trading was a Nio call with a Vol/OI ratio of 69.17. While its $8 strike is tempting, a Canadian call and a luxury put in the top 25 hold more interest. Here’s why.

Coach parent Tapestry is buying Michael Kors and Versace owner Capri Holdings for $8.5 billion. CPRI stock soars 58%, TPR stock retreats.

The merger creates a business with global sales of more than $12 billion a year and annual profits of close to $2 billion

Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings

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Ethical brand has gravitated towards a love for nostalgic summers spent in Italy

The BGT judge has been sharing snaps of her stylish summer looks on Instagram.

Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates on Tuesday, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices. The effects of 40-year-high inflation has shown little, if any, impact on middle- and high-income households who have been spending on designer…