| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 2.1B | +38% |
| Gross Profit | 1.5B | +36% |
| Cost Of Revenue | 591.3MM | +42% |
| Operating Income | 447.6MM | +77% |
| Operating Expenses | 1B | - |
| Net Income | 322.3MM | +65% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
(Bloomberg) -- There’s a risk that shares of Capri Holdings Ltd. decline by roughly 30% or more if a proposed $8.5 billion tieup with Tapestry Inc. fails to get across the finish line.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapTesla Soars as Musk’s Cheaper EVs
Federal Trade Commission (FTC) regulators seek to block luxury fashion brand Tapestry's (TPR) acquisition of Capri Holdings (CPRI) initially announced in August 2023. Former Chairman of LVMH North America Pauline Brown sits down with Market Domination Anchors Julie Hyman and Jared Blikre to weigh in on the headline — stating she was "surprised" by the FTC's intervention — and where fashion retailers are finding the most demand in international markets. "Most of these brands right now are just tr...
Tapestry and Capri will make the case they face extreme pressures from both mass market and true luxury brands, legal experts say.
The FTC’s lawsuit to block the deal uses new regulations to argue that Tapestry is a serial acquirer and that the deal would limit competition in accessible luxury.
In news out late Monday, the Federal Trade Commission sued to block Tapestry’s acquisition of Capri. The agency said the deal would eliminate head-to-head competition between the companies’ brands and that it would give Tapestry a dominant share of the “accessible luxury” handbag market. Going for a narrow market definition makes sense, but “accessible” or “affordable” luxury is a category that will be difficult for the FTC to define.
Regulators argue the deal would eliminate competition in the market for less expensive luxury handbags.
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The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Ltd., saying that the deal would eliminate direct head-to-head competition between the fashion companies' brands like Coach and Michael Kors in the so-called affordable luxury handbag arena. The combined Tapestry and Capri would employ roughly 33,000 people worldwide, the agency said. “With the goal to become a serial acquirer, Tapestry seeks to acquire Capri to further entrench its stronghol...
The antitrust regulator says Tapestry’s purchase of Capri Holdings hurts competition among affordable luxury handbag sellers; Companies vow to defend merger.
Tapestry CEO Joanne Crevoiserat told WWD the company was ready to fight for the potentially industry-transforming acquisition.