Reported 18 days ago
Tapestry, the parent company of Coach, has paused its integration plans with Capri due to a blocked $8.5 billion deal for Michael Kors amid antitrust concerns. Despite this setback, Tapestry reported robust quarterly results, driven by high demand for its Tabby handbags. The company raised its annual earnings forecast, expecting earnings per share of $4.50 to $4.55 as it continues to focus on growth in its other brands and navigating challenges in the market.
Source: YAHOO