Tag: $Capri Holdings Ltd.

Capri Stock Soars as Tapestry Agrees to Buy Versace Owner in $8.5 Billion Deal.

Michael Kors owner Capri CPRI –1.70% Holdings’ stock surged 58% ahead of the open Thursday as rival Tapestry , parent of the Coach brand, announced a deal to buy the global luxury fashion group.

Michael Kors owner Capri cuts revenue forecast as US demand wavers

Michael Kors parent Capri Holdings Ltd (CPRI.N) on Wednesday cut its annual sales forecast as demand for its handbags and shoes weakens in the United States, sending its shares down nearly 9% in early trading.