Capri Holdings Ltd
CPRI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$67.00 | Fdhn | Zdymnrjbw |
Capri’s Brand Development and Cost Control Efforts Continue as It Awaits Acquisition by Tapestry
Business Strategy and Outlook
Capri has agreed to be sold to narrow-moat Tapestry for $57 per share. Although held up by regulatory review, we expect this deal to close in calendar 2024.