Tapestry Inc. (NYSE: TPR) has been in the spotlight recently due to numerous developments. Their impressive
ROE of 28% drew attention, while their
options for December 2020 became available. There's a fair deal of anticipation regarding a potential merger with Capri, despite it prompting nervous investors and a downgrade from Wells Fargo. Legal obstacles could be on the horizon, as an
US anti-trust trial related to the merger has concluded, but the judge's decision still remains unknown. Tapestry's
Q2 and Q4 results and
high-end spending rebound are encouraging signs of recovery. The company also appeared to
top earnings and revenue estimates with their growth strategies showing promise. Furthermore, Tapestry sees a
debt handling strategy that comes across as sensible, and its
CIO was named among the '50 Outstanding Asian Americans in Business.' However, uncertainty prevails, especially with regard to a
pertinent courtroom drama and the possible overhangs in the outlook for the company. Matters advance with
Eva Erdmann's appointment as CEO & Brand President of the subsidiary, Kate Spade.
Tapestry TPR News Analytics from Wed, 20 Dec 2023 08:00:00 GMT to Fri, 18 Oct 2024 08:07:59 GMT -
Rating 3
- Innovation 6
- Information 7
- Rumor 4
