Tapestry near deal to buy Capri, parent company of Michael Kors and Versace: report

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Fashion company Tapestry Inc. is close to a deal to buy Capri Holdings Ltd., the parent company of Michael Kors, Jimmy Choo and Versace, the Wall Street...

Fashion company Tapestry Inc. is close to a deal to buy Capri Holdings Ltd., the parent company of Michael Kors, Jimmy Choo and Versace, the Wall Street Journal reported late Wednesday.It was unclear how much the deal could be worth, but the Journal said it... Fashion company Tapestry Inc. is close to a deal to buy Capri Holdings Ltd., the parent company of Michael Kors, Jimmy Choo and Versace, the Wall Street Journal reported late Wednesday.

Tapestry reported fiscal third-quarter earnings in May that beat estimates, and the company raised its full-year guidance. Its shares are up 8% year to date.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines