TECHNICAL ANALYSIS | February 7, 2019
From KORS to CPRI
Michael Kors acquired Jimmy Choo for $896 million in 2017 and Versace for $2.1 billion in 2018. The company also changed its name to Capri Holdings (CPRI). With these two acquisitions, CPRI looks set to overhaul the existing power structure of global fashion long dominated by French, Swiss and Italian conglomerates by creating the first American luxury fashion conglomerate. How will its share price fare?
by Stella Osoba, CMT
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