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The Latest Breaking News from Tapestry

Michael Kors pays tribute to late mother with waterfront runway show set to Bacharach tunes

On a waterfront promenade lined with pink flowers and facing Manhattan’s majestic skyline, designer Michael Kors paid tribute to his late mother with a show honoring the travels the two enjoyed together

The Independent UK

New York fashion week kicks off at city’s public library

Luxury brand Coach’s spring/summer 2024 launch almost upstaged by animal rights protest

The Guardian - UK

A Luxury Goods Stock to Avoid During the "Richcession"

Tapestry stands out as a stock to sell during the richcession, thanks to a cloudy sales outlook and a valuation that still looks too rich.

Barchart

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The Fearless Fund founders have some strong words for the conservative activist group suing them

Founders Arian Simone and Ayana Parsons spoke about the lawsuit Thursday: “We are not scared,” said Simone.

Fortune

Stock market today: Asian stocks decline after US inflation edges higher

Asian stock markets are lower after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy

The Independent UK

Stocks Close Slightly Higher as Bond Yields Jump

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.18%. Stocks on Thursday closed slightly higher, with the Dow...

Barchart

Stock Market Today: Stocks Notch Hard-Fought Win After July CPI Report

The major market indexes closed up after Thursday's inflation data, but finished well off their session highs.

Kiplinger

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Versace’s new owner wants to be a big beast. But it’s no match for Europe’s behemoths

Tapestry’s purchase of three big fashion names gives it heft. But LVMH and Kering have the front row to themselves

The Guardian - UK

Stocks Give Up Morning Gains After a Benign U.S. CPI Report Released

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.16%. Today’s benign U.S. July CPI report bolstered the outlook...

Barchart

Coach parent buys Versace and Michael Kors owner for $8.5 billion as U.S. big fashion races to catch up with billionaire Bernard Arnault’s European luxury giant LVMH

Tapestry’s acquisition of Capri is a move to wield greater influence in the European-dominated luxury market and mitigate the effects of slowed consumer spending.

Fortune

Stocks Climb on a Benign U.S. CPI Report

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.90%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.22%. Stocks this morning are moderately higher, with the Dow...

Barchart

Markets Today: Stocks Climb and Bond Yields Fall on Supportive U.S. Inflation News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.54%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.80%. Stock indexes this morning are moderately higher after the weaker-than-expected U.S. Jul CPI report bolstered the outlook for the Fed to pause its interest rate...

Barchart

Coach owner buys Versace parent company to create new US luxury fashion giant

The merger creates a business with global sales of more than $12 billion a year and annual profits of close to $2 billion

Evening Standard

Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in $8.5 billion deal

Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings

The Independent UK

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Kiplinger

Best Consumer Discretionary Stocks to Buy Now

Consumer discretionary stocks have been challenging places to invest in, but these picks could overcome several sector headwinds.

Benzinga

Intel's Self-Driving Tech Firm Raises Over $800M In IPO, Alphabet Misses Q3 Earnings Expectations, Lyft Cuts Price For Monthly Subscription Plan: Top Stories Wednesday, Oct. 26

Benzinga

The Conversation

Facing the dual threat of climate change and human disturbance, Mumbai – and the world – should listen to its fishing communities

Coastal cities and settlements are at the forefront of climate disruption. Rising sea levels, warmer seas and changes in rainfall patterns are together creating conditions that mean misery for coastal dwellers.

Bristol Post

New Bristol taproom opens making brewing accessible to all

“Our fundamental view is that everyone has a contribution to make somewhere"

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WEKU

An animal tranquilizer is making street drugs even more dangerous

The sedative xylazine is starting to permeate illegal opioids and cocaine. It does not respond to naloxone, an overdose reversal medication, and may be to blame for grisly injuries and infections.

Benzinga

Tapestry — Owner Of Fashion Brand Coach — Is A "Structural Pandemic Winner," Jefferies Says In Upgrade: What Else Impressed This Analyst?

Tapestry Inc (NYSE: TPR) has been through a culture change focusing on data-driven results, which should continue to drive progress, according to Jefferies.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022

Upgrades

Benzinga

9 Analysts Have This to Say About Tapestry

Tapestry (NYSE:TPR) has observed the following analyst ratings within the last quarter:

Benzinga

10 Biggest Price Target Changes For Wednesday

Jefferies raised Tapestry, Inc. (NYSE: TPR) price target from $30 to $45. Tapestry shares rose 2.2% to close at $31.60 on Tuesday.

Benzinga

Telsey Advisory Group Maintains Outperform Rating for Tapestry: Here's What You Need To Know

Telsey Advisory Group has decided to maintain its Outperform rating of Tapestry (NYSE:TPR) and lower its price target from $56.00 to $46.00. Shares of Tapestry are trading up 3.98% over the last 24 hours, at $31.85 per share. A move to $46.00 would account for a 44.43% increase from the…

Benzinga

Tapestry Q3 Earnings Top Estimates; Cuts FY22 Outlook

Tapestry Inc (NYSE:TPR) reported third-quarter FY22 sales growth of 13% year-on-year, to $1.44 billion, beating the consensus of $1.42 billion. Adjusted EPS of $0.51 beat the analyst consensus of $0.41. Gross profit rose 10.2% Y/Y to $1.01 billion, with the margin contracting 170 basis points to 69.9%. The operating margin expanded 260 basis…

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