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The Latest Breaking News from CAPRI

Tesla shares take a break from soaring as investors punish Michael Kors-owner for court loss

China markets rose slightly while Japan's sagged before its Sunday elections. The biggest action was in the U.S. where Tesla took a break and Capri took a hit.

Fortune

US Court Blocks Coach Owner's $8.5 Bn Buyout Of Versace Parent

A US judge on Thursday blocked fashion group Tapestry's $8.5 billion deal to buy Capri, which owns luxury brands including Michael Kors and Versace, citing a potential loss of competition.

International Business Times

Michael Kors admits defeat by influencers and celebrities, claiming ‘brand fatigue’ in $8.5 billion federal antitrust trial

The FTC is attempting to block Tapestry’s acquisition of Capri, which would create a bag behemoth.

Fortune

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New Ford Capri: Here's A Detailed Video Walkaround

Let's do a deep dive into what makes the new electric Ford Capri four-door so very interesting. Underneath, it's a Volkswagen, but will buyers care?

InsideEVs

The Ford Capri Is Already Catching Shade From Polestar's CEO

Polestar CEO Thomas Ingenlath had something to say about Ford's newest EV.

InsideEVs

Blackpink’s Jennie Kim walks her first catwalk for Jacquemus as Dua Lipa sits front row

The Blackpink band member earned her fashion stripes as she took to Jacquemus’ Capri catwalk

Evening Standard

Capri Holdings: May 17 $35 Unusually Active Call Option Is a No-Brainer

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.

Barchart

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Wednesday’s Unusual Options Activity Highlighted Canadian Call vs. Luxury Put. Which to Bet On? I Like Both.

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.

Barchart

Tapestry's chief didn't think she was the 'CEO type'

The CEO behind Coach and Kate Spade is pulling off the industry's largest deal in more than a decade.

Fortune

Meet the CEO behind the huge fashion deal uniting Coach with Michael Kors

The biggest luxury fashion M&A deal in decades, Tapestry's purchase of Capri Holdings, means new challenges for CEO Joanne Crevoiserat.

Fortune

Coach parent buys Versace and Michael Kors owner for $8.5 billion as U.S. big fashion races to catch up with billionaire Bernard Arnault’s European luxury giant LVMH

Tapestry’s acquisition of Capri is a move to wield greater influence in the European-dominated luxury market and mitigate the effects of slowed consumer spending.

Fortune

Coach owner buys Versace parent company to create new US luxury fashion giant

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

Evening Standard

Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in $8.5 billion deal

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

The Independent UK

The 12-string guitar that defined the ‘60s: in praise of the Rickenbacker Capri

A favourite of The Beatles and The Byrds, these era-defining electrics still resonate

Guitar World

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Birmingham Post

Big Interview: In Capri swimwear founder Isabelle Alexander on why looking good can also be sustainable

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

Daily Record

Amanda Holden strikes pose in plunging swimwear during glamorous Italian holiday

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

Asharq Al-Awsat

Michael Kors-owner Beats Revenue Estimates on Resilient Luxury Demand

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…

Benzinga

Solid Earnings, $1B Buyback, Detailed FY23 Outlook - Michael Kors Parent's Q4 Highlights

Capri Holdings Ltd (NYSE:CPRI) reported fourth-quarter FY22 sales growth of 24.6% to $1.49 billion, beating the consensus of $1.41 billion. Versace revenue increased 34% Y/Y to $315 million, Jimmy Choo revenue rose 25.8% to $156 million, and Michael Kors revenue expanded 21.8% to $1.021 billion. Gross profit rose 29.5% Y/Y to $956 million, and…

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Benzinga

Why Capri Holdings Stock Is Trading Higher

Capri Holdings Ltd (NYSE: CPRI) shares are trading higher Wednesday after the company reported better-than-expected financial results, issued earnings guidance above analyst estimates and announced a buyback.

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