During the holiday season, millions come to New York City to shop and celebrate each year, and now Michael Kors is offering some of his own holiday cheer. For the Michael Kors holiday campaign, the designer turned to the director Bardia Zeinali to shoot a film featuring a little revelry with sister-models Delilah Belle Hamlin … Read more
Capri Holdings is still looking to find its footing. The company’s second-quarter net income fell 73 percent to $24 million, or 20 cents a share, from $90 million, or 77 cents a year earlier. Adjusted earnings were better at 65 cents a share, but still 10 cents below the 75 cents analysts projected. “Overall, we … Read more
With the presidential election days away, the contest has become a bit primal with both sides fighting for a win. While many of the 50 million-plus early voters can be spotted by their red, white and blue “I Voted Early” stickers, First Lady Jill Biden and former first ladies Melania Trump and Michelle Obama have … Read more
While critics, pundits and voters were parsing who said what at Donald Trump’s rally at Madison Square Garden Sunday — namely the more controversial speakers like comedian Tony Hinchcliffe — others were surprised by Melania Trump’s surprise appearance. Having been largely absent from the campaign trail, the former first lady took to the stage to … Read more
This isn’t the way either Tapestry Inc. or Capri Holdings expected their $8.5 billion engagement to end. But now that the breakup has come — after a preliminary and all-but-final injunction from a Manhattan federal judge — experts said Tapestry is able to move on, keep building on its successful Coach business, and maybe even … Read more
The Federal Trade Commission succeeded in its effort to hit pause on Tapestry Inc.’s $8.5 billion acquisition of Capri Holdings with a preliminary injunction — likely sinking the mega acquisition. The reaction was immediate and sharp. Shares of Capri dropped 47.1 percent to $22 in after-hours trading — a world away from the $57 buyout … Read more
Michael Kors has revealed the next step in the evolution of Watch Hunger Stop, the brand’s global philanthropic platform focused on fighting hunger in partnership with the United Nations World Food Programme. Starting immediately, Watch Hunger Stop will support WFP’s Home-Grown School Feeding program, an innovative and proven way to help support local farmers and … Read more
The future of Tapestry’s Inc. $8.5 billion deal to buy Capri Holdings now rests in the hands of federal Judge Jennifer Rochon — and after closing arguments on Monday afternoon, investors are feeling more bullish. Shares of Capri closed up 7.5 percent to $42.43 having gained momentum as the hearing progressed and Rochon narrowed in … Read more
Michael Kors might be the star brand in Tapestry Inc.’s $8.5 billion deal to buy Capri Holdings — but its light has clearly dimmed. While Tapestry, which already owns Coach and Kate Spade, is waiting to put its turnaround skills to work at Michael Kors, a hearing over whether the mega deal will be allowed … Read more
The Federal Trade Commission sued to stop Tapestry Inc.’s $8.5 billion deal to buy Capri Holdings, in large part on the grounds that putting Coach, Kate Spade and Michael Kors all under one roof would be bad for American consumers. On Wednesday, the federal court hearing for a preliminary injunction that’s expected to determine whether … Read more
