{
}
UBS analyst Jay Sole has reiterated a Neutral rating on Capri Holdings with a price target of $14, as the stock trades at $18.45. The upcoming earnings report on May 28 is anticipated to be pivotal, especially regarding the company's outlook amid uncertainties related to tariffs and the Versace acquisition.Capri recently announced the sale of Versace to Prada for $1.375 billion, expected to close in 2025, allowing the company to focus on its Michael Kors brand. Additionally, changes in the finance team and creative leadership reflect Capri's strategy to optimize its business and market position.
Barclays is set to compensate customers up to £12.5 million due to technology outages affecting services over the past two years, with more than 33 days of unplanned disruptions reported across nine major UK banks. The recent outages coincided with critical financial dates, causing significant inconvenience for customers. The bank attributed the issues to a software problem, not a cyber attack, and acknowledged the distress caused to clients.
Prada is nearing a €1.5 billion acquisition of Versace, aiming to enhance its market position against larger French luxury groups. While the merger could broaden Prada's customer base and stabilize its business cycle, analysts warn that revitalizing Versace may take years and impact short-term profits due to its current operational challenges.
Donatella Versace
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs maintains neutral rating on capri holdings with unchanged price target
15:39 20.05.2025
barclays to compensate customers up to 12.5 million for tech outages
British Pound Sterling
GBR
Dana Delany
Martin Lewis
Rachel Reeves
Gordon Ramsay
Donatella Versace
Show more
09:39 06.03.2025
prada's acquisition of versace could reshape luxury market dynamics
Euro
Capri Holdings Ltd.
ITA
Melania Grippo
Andrea Guerra
Miuccia Prada
Patrizio Bertelli
Mario Ortelli
Donatella Versace
Show more
06:56 04.03.2025
Trending
Subcategory
Corporate News
Industry Trends
Emerging Startups
Startups & Entrepreneurship
Venture Capital Investments
Funding Rounds & Investments
Fintech Startups
AI Innovations
Retail and Consumer Goods
Economic Indicators
Private Equity Deals
Global Trade Developments
Government Economic Policies
Cryptocurrency Trends
AI Applications
Product Launches
IPOs & SPACs
Macro-economic Trends
Supply Chain Management
Industry Mergers & Acquisitions
Countries:
Companies:
Apple Inc.
Nvidia Corporation
NVIDIA Corporation
Microsoft Corporation
SWIGGY LIMITED
Vecmocon Technologies Ltd.
VOLKSWAGEN AG
Amazon.com Inc.
Medius Holdings Co., Ltd.
SITC International Holdings Company Limited
Firefly AB (publ)
Aeon Bank (M) Berhad Bhd
AF DOBRA, SICAV, S.A.
Alibaba Group Holding Limited
Getty Images Holdings, Inc.
Sunnova Energy International Inc.
QUALCOMM Incorporated
Alphawave IP Group plc
Grab2Go AS
HDB Financial Services Ltd.
Currencies:
People: