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home / news releases / tapestry stuck in no man s land downgrade to sell

CPRI - Tapestry: Stuck In No Man's Land (Downgrade To Sell)

Capri Holdings Limited

2024-06-24 09:16:20 ET

Summary

  • Tapestry, Inc., owner of Coach, Kate Spade, and Stuart Weitzman, is struggling after announcing plans to acquire Capri Holdings.
  • The FTC filed a lawsuit to block the $8.5 billion acquisition, citing competition concerns, possibly saving Tapestry from a value-destructive move.
  • Tapestry's recent financial performance shows declining sales and profits, with only Coach showing slight growth, while Kate Spade and Stuart Weitzman continue to decline.
  • Tapestry's seemingly low valuation isn't attractive considering its long list of challenges.

Tapestry, Inc. ( TPR ), owner of the Coach, Kate Spade New York, and Stuart Weitzman brands, has been stuck in no man's land ever since the company announced its plans to acquire Capri Holdings ( CPRI )....

For further details see:

Tapestry: Stuck In No Man's Land (Downgrade To Sell)
Stock Information
Company Name: Capri Holdings Limited
Stock Symbol: CPRI
Market: NYSE
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