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...

On Tuesday, Citi Research published a note titled, "A More Positive Reality Than Perceptions Would Imply," updating Puerto Rican leasing and sales activity for shopping centers and malls owned by four U.S. REITs. The Four DDR Corp (NYSE: DDR): $6.5 billion cap, 3.8 percent yield...

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...