Reported about 1 month ago
The recently blocked acquisition of Capri Holdings by Tapestry has led to a drop in Capri's stock, raising concerns about its performance. Bernstein analyst Aneesha Sherman pointed out that the odds of the deal proceeding have significantly decreased, which she believes is beneficial for Tapestry. As Capri's financial situation worsens, there may be limited upside unless it divests its Jimmy Choo and Versace brands.
Source: YAHOO