Capri Stock Plummets Nearly 50% Following Judge’s Block of $8.5 Billion Tapestry Acquisition

Capri Holdings (CPRI), the parent company of luxury fashion brands like Michael Kors and Jimmy Choo, recently faced a significant blow when shares fell approximately 50% in after-hours trading. This dramatic decrease followed a decision by US District Judge Jennifer Rochon to block Capri’s proposed $8.5 billion merger with Tapestry, the company behind the Coach...