Why Capri Holdings Stock Is Falling Today
Why Capri Holdings Stock Is Falling Today
The parent company of world class luxury brands like Jimmy Choo, Versace, Michael Kors said, "Our commitment to glamorous style and craftsmanship is at the heart of each of our luxury brands."Capri Holdings Limited (NYSE:CPRI) shares are trading lower after a judge blocked its acquisition by Tapestry, Inc. (NYSE:TPR). The company plans to jointly file a notice of appeal with Tapestry in response to the court's decision.
紐約證券交易所上市的capri holdings有限公司（NYSE：CPRI）股價下跌，因一名法官阻止了其被tapestry公司（NYSE：TPR）收購。該公司計劃與tapestry共同提出上訴通知，以回應法院的裁決。
Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Capri Holdings, lowering the price target from $42 to $23.
富國銀行分析師艾克·博魯科維（Ike Boruchow）維持了對capri holdings的等權重評級，將價格目標從42美元降至23美元。
In a press release, Capri announced its intention to appeal the U.S. District Court for the Southern District of New York's ruling, which granted the Federal Trade Commission's motion for a preliminary injunction to block Tapestry's acquisition.
capri發佈新聞稿宣佈其打算對紐約南區聯邦地區法院的裁決提出上訴，該裁決准許了美國聯邦貿易委員會要求暫時禁止tapestry收購的動議。
The parent company of world class luxury brands like Jimmy Choo, Versace, Michael Kors said, "Our commitment to glamorous style and craftsmanship is at the heart of each of our luxury brands."
像吉米·周、範思哲、邁克爾·科爾斯等世界一流奢侈品牌的母公司表示：「我們對迷人風格和工藝的承諾貫穿於我們每個奢侈品牌的核心。」
The company has established its reputation through the design of exceptional and innovative products across all fashion luxury categories, drawing strength from the unique heritage of its brands, the diversity and passion of its team, and its commitment to clients and communities.
該公司通過在所有時尚奢侈品類別中設計卓越和創新產品樹立了聲譽，從其品牌獨特的傳統、團隊的多樣性和激情以及對客戶和社區的承諾中獲得力量。
Following an eight-day trial in which the Federal Trade Commission argued that a merger between Capri and Tapestry would remove competition from the U.S. handbag space, a judge has moved to block the pending merger.
在爲期八天的審判中，美國聯邦貿易委員會認爲capri和tapestry之間的合併將從美國手提包市場中剔除競爭，一名法官已經採取措施阻止即將發生的合併。
Also Read: Capri Holdings Stock Drops By Half After Judge Blocks Tapestry Merger
另請參閱：法官阻止tapestry合併後，capri holdings股價狂跌一半
Meanwhile, Tapestry shares are gaining on Friday.
與此同時，週五tapestry的股價正在上漲。
Wells Fargo analyst Ike Boruchow maintains Tapestry with an Overweight rating, raising the price target from $50 to $65.
Wells Fargo分析師Ike Boruchow維持tapestry的超配評級，將價格目標從50美元提高至65美元。
"Today's decision granting the FTC's request for a preliminary injunction is disappointing and, we believe, incorrect on the law and the facts," Tapestry said in a press release.
「今天對FTC請求臨時禁令的決定令人失望，我們認爲在法律和事實上都是錯誤的，」tapestry在新聞稿中表示。
Tapestry and Capri operate in an industry that is intensely competitive and dynamic, constantly expanding, and highly fragmented among both established players and new entrants.
tapestry和Capri在一個競爭激烈、動態不斷擴張且高度分散的行業板塊中運營，這個行業中既有老牌參與者又有新進入者。
"We face competitive pressures from both lower- and higher-priced products and continue to believe this transaction is pro-competitive and pro-consumer," Tapestry said. "We intend to appeal the decision, consistent with our obligations under the merger agreement."
「我們面臨來自低價和高價產品的競爭壓力，仍然相信這項交易是親競爭和親消費者的，」tapestry表示。「我們打算上訴這一決定，根據我們在合併協議下的義務。」
Price Action: CPRI shares are trading lower by 47.2% to $21.94 at last check Friday.
股價走勢：CPRI股價最後一次交易時下跌了47.2％，跌至21.94美元。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。
