Capri shares jump as potential buyers circle luxury fashion group

Capri shares jump as potential buyers circle luxury fashion group

Tue, September 22, 2026 at 6:40 PM GMT+3 2 min read

• CPRI +1.58%
• TPR -1.85%

Capri Holdings (NYSE:CPRI) shares were up almost 10% in Tuesday late morning session after a report that the luxury fashion company had been in contact with potential acquirers.

Women's Wear Daily reported that Capri had contacted potential buyers who had reviewed the company's financial records, although the report did not identify the parties involved or indicate how advanced any discussions were.

Capri, which owns Versace, Jimmy Choo and Michael Kors, has not officially confirmed the reported buyer interest, leaving investors without clarity so far on whether any transaction could emerge.

The reported discussions come after Capri's planned $8.5 billion acquisition by Tapestry was blocked by a US federal judge in October 2024 on antitrust grounds.

The Federal Trade Commission had argued that the proposed combination would reduce competition in the accessible luxury handbag market, adding uncertainty around Capri's strategic options.

Capri has faced weaker demand for luxury goods in recent quarters as economic uncertainty has weighed on consumer spending, increasing the significance of efforts to revive growth across its brands.

At the Goldman Sachs Global Retail and Consumer Conference, Capri executives said they expected growth to accelerate in the second half of the year as new products, higher marketing investment and store renovations support Michael Kors and Jimmy Choo.

John Idol, Capri's chairman, chief executive and director, said the company had spent about 18 months resetting product, marketing and store strategies, particularly at Michael Kors.

Idol said early "green shoots" from those efforts were becoming more tangible results, potentially providing a platform for future growth as the company continues its turnaround.

The sharp share price reaction suggests investors were responding to the prospect of a strategic transaction.