A multi-billion takeover is looming in the luxury fashion segment: The fashion group Tapestry (brands: Coach, Kate Spade, Stuart Weitzman) wants to take over Capri Holdings (Michael Kors, Versace, Jimmy Choo) for $57 per share. Shares of Capri soared 55.7 percent to $53.90, while Tapestry, the bottom performer in the S&P 500, fell 16 percent.
2023-08-10 20:28:38
#Equities #York #Conclusion #Slight #gains #inflation #moderate
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