Rosen Law Firm Urges Capri Holdings Limited (NYSE: CPRI) Stockholders to Contact the Firm for Information About Their Rights

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6:55 PM on Monday, January 6

The Associated Press

NEW YORK--(BUSINESS WIRE)--Jan 6, 2025--

Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of purchasers of stock or sellers of puts of Capri Holdings Limited (NYSE: CPRI) between August 10, 2023 and October 24, 2024. Capri describes itself as a “fashion firm that owns several fashion brands.”

For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.

The Allegations: Rosen Law Firm is Investigating the Allegations that Capri Holdings Limited (NYSE: CPRI) Misled Investors Regarding its Business Operations.

According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) the accessible luxury handbag market is a distinct and well-defined market within the overall handbag market and understood as such by the individual defendants, as well as by other Capri and Tapestry, Inc. (“Tapestry”) executives; (2) Capri and Tapestry maintained analogous production facilities and supply chains for their accessible luxury handbags that were distinct from the production facilities and supply chains used to manufacture luxury or mass market handbags, confirming that the accessible luxury handbag market is distinct from the mass market and luxury handbag markets; (3) Capri and Tapestry internally considered Coach and Michael Kors to be each other’s closest and most direct competitors; (4) conversely, Capri and Tapestry did not internally consider their handbag brands to be in direct competition with luxury handbags or mass market handbags; (5) a primary internal rationale for Tapestry’s failed attempted acquisition of Capri (“the Capri Acquisition”) was to consolidate prevalent brands within the accessible luxury handbag market so as to reduce competition, increase prices, improve profit margins, and reduce consumer choice within that market; and (6) as a result, the risk of adverse regulatory actions and/or the Capri Acquisition being blocked was materially higher than represented by defendants. When the true details entered the market, the lawsuit claims that investors suffered damages.

What Now: You may be eligible to participate in the class action against Capri Holdings Limited. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by February 21, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20250106321689/en/

CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]