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FTC Files Lawsuit To Block $8.5B Merger Of Coach And Versace Handbag Makers
Tuesday, April 23, 2024 - 10:59am | 622The 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...
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Need A Reason To Buy Michael Kors? UBS Offers 8
Friday, November 2, 2018 - 3:12pm | 412UBS 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...
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Are Michael Kors Shares Still Too Cheap Not To Own?
Tuesday, September 19, 2017 - 9:33am | 415After a tough start to 2017 for Michael Kors Holdings Ltd (NYSE: KORS) and the rest of the U.S. retail sector, retail stocks have been on the comeback trail in recent weeks. But even with Michael Kors shares up more than 33 percent in the past three months, Oppenheimer analyst Anna Andreeva said...
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Michael Kors Says It Will Continue Shopping For More Acquisitions
Tuesday, July 25, 2017 - 2:12pm | 442Initial reaction to Michael Kors Holdings Ltd (NYSE: KORS)'s $1.2 billion acquisition of London-based luxury shoe maker Jimmy Choo on Tuesday was positive. The stock gained more than 3 percent ahead of the opening bell, but by mid-morning the stock erased all of the gains and was lower by more...
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Michael Kors To Buy Jimmy Choo
Tuesday, July 25, 2017 - 8:11am | 594Luxury apparel and accessory maker Michael Kors Holdings Ltd (NYSE: KORS) confirmed early Tuesday morning it has agreed to buy the London-based and listed shoe company Jimmy Choo PLC. As part of the agreement, Michael Kors will pay Jimmy Choo's shareholders 230 pence per share, which values the...
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Michael And Jimmy: A Budding Courtship In High-End Fashion?
Tuesday, July 18, 2017 - 3:46pm | 499After losing the heart of Kate Spade to a more attractive Coach Inc (NYSE: COH) earlier this year, Michael Kors Holdings Ltd (NYSE: KORS) has continued its search for a partner. Now, it’s found a new object of interest. The luxury apparel and accessories maker is reportedly considering a bid...
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Retail Roundup: 9 Fresh M&A Rumors
Tuesday, May 30, 2017 - 9:11am | 846It can be hard to keep up with ever-changing M&A rumors; here's the situation for nine companies worth tracking. Abercrombie & Fitch Co. (NYSE: ANF) This clothing retailer is reportedly the target of a joint acquisition by American Eagle Outfitters (NYSE: AEO) and Cerberus Capital...
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A Cinderella Story: In Search For The Perfect Shoe Owner, JAB Looks For Jimmy Choo And Bally Buyers
Monday, April 24, 2017 - 12:06pm | 501The owners of JIMMY CHOO PLC (OTC: JYMHF), creators of the shoes made famous by the late Princess Diana and those stiletto-strutting sirens on “Sex and the City,” are searching for a suitor. Shares of the stock were up 10.43 percent on Monday at $2.43 and up more than 10 percent to 185....