Here’s Why Capri Holdings Ltd. (CPRI) Led This Week’s Rally

We recently published an article titled These 10 Firms Led This Week’s Rally. In this article, we are going to take a look at where Capri Holdings Ltd. (NYSE:CPRI) stands against the other stocks. Ten companies finished stronger this week, outpacing the broader market thanks to a series of catalysts that lifted investor sentiment. On Friday, […]

Yahoo | January 12, 2025

Fashion intrigue: Prada may be on the hunt for Capri's Versace brand

More on Capri

• If Capri Can Sell Versace And Jimmy Choo, It Should - Here's Why
• Capri: Large But Risky Turnaround Opportunity
• Seeking Alpha | January 10, 2025

Analysts Skeptical of Latest Prada, Versace M&A Speculation

The likelihood and potential success of Prada Group acquiring Versace was waved away, citing concerns over strategic fit and past M&A challenges.

Yahoo | January 10, 2025

Wells Fargo sees recovery in specialty retail, upgrades Bath & Body Works

Investing.com -- Wells Fargo forecast a stable consumer backdrop in 2025, supported by healthy U.S. demand, a strong holiday season, and stabilizing European trends, according to its retail sector outlook.

Yahoo | January 10, 2025

Prada has been working with Citi on possible bid for Versace, source says

LONDON/MILAN (Reuters) -Italy's Prada is among the potential suitors looking at fashion group Versace, which has been put up for sale by its parent Capri Holdings, and has been working with Citi to evaluate any bid, a person with knowledge of the matter said on Friday. U.S.-listed Capri is struggling with falling sales in a global $400 billion luxury sector where confidence has been eroded by wealthy Chinese cutting their spending and the end of a prolonged boom. In November, Coach-owner Tapestry abandoned an $8.5 billion deal to buy Capri, which also owns brands Michael Kors and Jimmy Choo.

Yahoo | January 10, 2025

Luxury retailers could see benefit from Trump 2.0 tariffs

Luxury retail stocks are improving, though the proposed tariffs under President-elect Trump’s administration could continue to put these retailers under pressure. Jerry Storch, Storch Advisors CEO, joins Madison Mills and Seana Smith on Catalysts to discuss what could be ahead for the luxury retail sector under Trump 2.0. Despite widespread concerns, Storch predicts that Trump's tariffs won't have a severe impact on luxury retail. Storch explains that many goods from the luxury retail sector can be characterized as "Veblen goods," wherein demand increases as price increases. He elaborates, "It might even be positive for some retailers in particular ... [these luxury providers] have been very successful in passing along price increases for quite some time."  However, Storch agrees that u...

Yahoo | January 7, 2025

Capri Shares Jump 7.9% as BMO Analyst Simeon Siegel Points to Silver Lining

The analyst upgraded shares of the Michael Kors parent to outperform and said investors have been too harsh in their judgement.

Yahoo | January 6, 2025

What Are Donatella Versace’s Plans for 2025?

As the Versace company is said to be up for sale, Milan-based sources say Donatella Versace's contract is due to expire in February.

Yahoo | December 26, 2024

Luxury industry faces crisis: China slowdown and soaring prices

According to a Bain & Company report, 2024 was the first year of decline in luxury sales since the financial crisis in 2008. Former LVMH chair of North America Pauline Brown joined Catalysts hosts Julie Hyman and Madison Mills to reflect on the luxury sector’s biggest challenges in 2024 and discuss whether those losses could continue into 2025. Brown highlights the slowdown in China as a major issue, as it notably marks the end of the market's rapid growth seen in the last decade. "The issues within the sector go much deeper than China, and I think some of them are not being talked about enough," Brown says. "If you look at most of the brands ... most dramatically seen with Chanel, but also with certain items from Prada, from Dior, from many of the big nameplates, the price on their han...

Yahoo | December 20, 2024

Hedge Funds Think That Capri Holdings Limited (CPRI) Will Bounce Back Soon

We recently compiled a list of the 10 Stocks That Will Bounce Back According To Hedge Funds. In this article, we are going to take a look at where Capri Holdings Limited (NYSE:CPRI) stands against the other stocks. With 2024 coming to a close, investors have left several unknown variables behind them. They started out the […]

Yahoo | December 18, 2024