A series of notable updates and events have been reported around
Tapestry (NYSE:TPR). The company has announced
strong Q2 results, solidifying its position in the apparel, accessories, and luxury goods group. However, it has also been involved in a
US anti-trust trial as Tapestry attempts to bid for Capri. Shares of Tapestry have recently crossed the
3% Yield Mark, meanwhile, a
merger with Capri has been speculated to be getting closer. The
sales for the company have been exceeding estimates, and along with it, its
stock soars. On the management side, the CIO Yang Lu was named as one of the '50 Outstanding Asian Americans in Business’. A noteworthy negative point is that Tapestry's use of
debt has received criticism, even though considered as sensible. The FTC's moves to
block the merger of Tapestry and Capri have also put the company's strategies under the microscope. Even in the face of substantial headwinds, Tapestry has continued
gaining market strength and is continually evaluated as a valuable investment in the luxury clothing industry.
Tapestry TPR News Analytics from Wed, 20 Dec 2023 08:00:00 GMT to Fri, 04 Oct 2024 08:24:03 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 2
