Versace

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Capri Holdings Ltd (NYSE:CPRI) and lowered the price forecast from $23.00 to $17. Capri announced yesterday it will sell the Versace brand to Prada for $1.375 billion in cash, with the deal expected to...

Capri Holdings Limited (NYSE:CPRI) saw its shares tick higher in Thursday’s premarket action after the company unveiled a definitive agreement to divest the luxury fashion house Versace to Prada S.p.A. in a $1.375 billion all-cash deal, subject to adjustments. The transaction, which still...

The U.S. Federal Trade Commission (FTC) has launched a lawsuit to halt the $8.5 billion acquisition of Capri Holdings Ltd. (NYSE:CPRI) by Tapestry Inc. (NYSE:TPR). What Happened: The FTC’s lawsuit, filed on Monday, contends that the proposed merger would eliminate direct competition between...

Ongoing challenges with Michael Kors Holdings Ltd (NYSE: KORS)' core brand will likely weigh on top-line trends, according to Oppenheimer.  The Analyst  Analyst Brian Nagel downgraded Michael Kors from Outperform to Perform and removed a $90 price target.  The Thesis After...

Bernstein dropped its bearish stance on Michael Kors Holdings Ltd (NYSE: KORS), but said risks remain.  The Analyst Analyst Jamie Merriman upgraded Michael Kors from Underperform to Market Perform. The Thesis Michael Kors has a more balanced risk-reward profile at current valuation levels,...

UBS turned bullish on Michael Kors Holdings Ltd (NYSE: KORS) after a dive into multiple aspects of the luxury fashion company's business.  The Analyst Analyst Jay Sole upgraded Michael Kors Holdings from Neutral to Buy with a price target lifted from $76 to $80. The...

Global fashion brand Michael Kors Holdings Ltd (NYSE: KORS)'s recent acquisition of Versace sent the American-based company's stock lower by 9 percent — and investors should buy the dip, according to Citi.  The Analyst Citi's Paul Lejuez upgraded Michael Kors from...

In what would be a major shakeup in the fashion industry, Michael Kors Holdings Ltd (NYSE: KORS) is reportedly close to buying Italian fashion house Versace. What Happened Michael Kors, which is on a buying spree and had purchased luxury shoemaker Jimmy Choo for $1.2 billion in 2017, is...

Finish Line Inc (NASDAQ: FINL)'s stock plunged 15 percent on Wednesday, and the decline carried over into Thursday's trading session in reaction to the company's poor third-quarter earnings report. Gadfly's Shelly Banjo hinted that Finish Line's poor results shouldn't necessarily come as a surprise...

U.S. stocks rose after Federal Reserve boss Janet Yellen appeared in the hot-seat today speaking to the Committee on Financial Services and U.S. House of Representatives. Yellen said that it is too soon to determine the extent of which cold weather played a role in a recent batch of poor economic...