Capri Holdings Ltd
CPRI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$95.00 | Bpwv | Jnrbhmlt |
Capri Is Struggling to Build Its Brands as It Awaits Acquisition by Tapestry
Business Strategy and Outlook
Capri has agreed to be sold to narrow-moat Tapestry for $57 per share, but the US Federal Trade Commission has blocked the deal on antitrust concerns. We believe that Tapestry and Capri remain motivated to close the acquisition and that it will eventually happen, but the government’s action adds considerable risk that it will not.