Management expects full-year 2025 operating margins to be in the mid-to-high 40% range, surpassing the adjusted 46.3% margin achieved in 2024. This improvement is attributed to franchise margin ...
Recently, the firm has been leaning into its scale-driven cost advantage to emphasize its value offerings amid a challenging consumption spending environment. We view this strategy as prudent.
Deep Research is an AGI product for certain narrow domains; it’s ability to find anything on the Internet will make secret knowledge all the more valuable.
Although the proposed sale failed, Tapestry’s interest in acquiring Capri highlights the value of its brands. Moreover, Capri's acceptance of the offer suggests that it is open to selling one or more ...
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