Financial PerformanceThe fundamental view on Capri Holdings has weakened following a much weaker than expected first-quarter financial performance.
Legal RisksThere is a risk associated with the looming trial decision, as the outcome will be decided by a single judge, which presents unique risks.
Regulatory ChallengesThe FTC is suing to block the deal as the Commission believes the merger would eliminate head-to-head competition, give TPR leading share in 'accessible luxury', and could hurt consumers and employees.