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Capri Stock Soars as Tapestry Agrees to Buy Versace Owner for $8.5 Billion

Por: MarketWatch Business August 11, 2023

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The merger with (TPR) would leave the combined company better placed to compete with the likes of (LVMHF) and Gucci parent (PPRUY). The transaction is expected to close in calendar 2024. Capri, which also owns fashion brands Michael Kors and Jimmy Choo, was due to report fiscal-first-quarter earnings Tuesday but rescheduled to Thursday. The company reported adjusted earnings of 74 cents a share, beating analysts’ expectations for 71 cents a... + full article



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