John D. Idol is a man who loves a gold logo — but it appears the fashion exec has lost his Midas touch, according to multiple sources. The multi-millionaire CEO of Capri Holdings made his fortune at America’s biggest brands, from Donna Karan to Michael Kors, before buying Italian design house Versace for $2.1 billion…
Shares of Capri Holdings (CPRI), parent company of Michael Kors and Jimmy Choo, are sinking after a US judge blocked its pending $8.5 billion merger with Coach owner Tapestry (TPR). Yahoo Finance Senior Reporter Alexandra Canal joins Morning Brief to discuss the ruling in the Federal Trade Commission’s (FTC) antitrust case and competition among luxury…
The S&P 500 (^GSPC) is poised for its first weekly drop in seven weeks as investors brace for “Magnificent Seven” earnings and October’s jobs report ahead. Shares of Capri Holdings (CPRI), the parent company of Michael Kors and Jimmy Choo, are plunging after a US judge blocked its pending $8.5 billion merger with Coach owner…
Here are five key things investors need to know to start the trading day: 1. Gains and losses The S&P 500 staged a comeback Thursday, posting its first positive day this week and snapping a three-day losing streak. The index added 0.21%, while the tech-heavy Nasdaq Composite rose 0.76%. The Dow Jones Industrial Average didn’t fare…