Capri Holdings ( (CPRI) ) has shared an update.
On April 10, 2025, Capri Holdings announced a definitive agreement to sell its Versace business to Prada S.p.A. for $1.375 billion in cash. The transaction, expected to close in the second half of 2025, aims to strengthen Capri’s balance sheet and enable strategic investments in its other brands, Michael Kors and Jimmy Choo. This move is part of Capri’s strategy to increase shareholder value and focus on long-term growth for its remaining brands.
Spark’s Take on CPRI Stock
According to Spark, TipRanks’ AI Analyst, CPRI is a Neutral.
Capri Holdings faces significant financial and operational challenges, reflected in its declining revenue and profitability. While the company is implementing strategic initiatives and enhancing financial flexibility, the current bearish technical indicators and negative valuation metrics suggest a cautious outlook. The company’s efforts to stabilize and eventually return to growth are positive but are overshadowed by near-term risks.
To see Spark’s full report on CPRI stock, click here.
More about Capri Holdings
Capri Holdings is a global fashion luxury group consisting of iconic brands Versace, Jimmy Choo, and Michael Kors. The company is known for its commitment to glamorous style and craftsmanship, offering a wide range of fashion luxury products. Capri Holdings is publicly listed on the New York Stock Exchange under the ticker CPRI.
YTD Price Performance: -20.62%
Average Trading Volume: 4,216,473
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.93B
For a thorough assessment of CPRI stock, go to TipRanks’ Stock Analysis page.