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Capri Holdings trades at a discount after shedding Versace, though China tariffs and weak leadership cloud the outlook. See why CPRI stock is a buy.
Capri Holdings' recent sale of Versace to Prada for $1.375 billion is expected to positively impact earnings by reducing debt ...
On Thursday, Prada (PRDSY) formally agreed to buy Versace from US luxury conglomerate Capri Holdings (CPRI) for $1.38 billion, uniting the two Italian fashion brands under one roof. The transaction, ...
Capri Holdings, which also owns Jimmy Choo and Michael Kors, says that it will use the cash from the deal to invest in its other brands.
Capri Holdings Ltd. engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women's apparel and accessories and men's apparel. It operates through the ...
Capri Holdings has recently made waves in the luxury fashion industry by selling Versace back to its Italian roots in a $1.38 ...
Telsey Advisory lowered the firm’s price target on Capri Holdings (CPRI) to $17 from $23 and keeps a Market Perform rating on ...
Investopedia on MSN18d
Prada Buys Versace From Capri for Nearly $1.4BFashion conglomerate Capri Holdings (CPRI) has agreed to sell Italian luxury brand Versace to Prada for almost $1.4 billion, a deal that had been anticipated but reportedly had been at risk of ...
Shares of Capri Holdings rose Wednesday after The Wall Street Journal reported that talks to sell its Versace brand to Prada are at risk of collapsing amid a market in turmoil. The stock was up 5.5% ...
The Associated Press on MSN18d
Prada to buy Versace in a deal valued at $1.4 billionThe Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion). Prada said the ...
The deal was reportedly stuck in limbo and on the verge of collapse due to the market spontaneity caused by President Donald Trump’s tariffs.
The Italian fashion house was purchased for €1.25 bn from Capri, which is restructuring after a failed merger with Tapestry.
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