Shares of several apparel companies are trading higher amid increased hopes of more luxury brand acquisitions following Tapestry's announcement to buy Capri Holdings.
Portfolio Pulse from Benzinga Newsdesk
Shares of several apparel companies are trading higher amid increased hopes of more luxury brand acquisitions following Tapestry's announcement to buy Capri Holdings.
August 10, 2023 | 2:57 pm
News sentiment analysis
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POSITIVE IMPACT
Capri Holdings' stock may rise in the short term due to Tapestry's announcement of its acquisition.
Tapestry's announcement of its acquisition of Capri Holdings is likely to drive up Capri Holdings' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Estée Lauder's stock may rise in the short term due to increased hopes of more luxury brand acquisitions.
The announcement of Tapestry's acquisition of Capri Holdings has increased hopes of more luxury brand acquisitions, which may drive up Estée Lauder's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Lululemon's stock may rise in the short term due to increased hopes of more luxury brand acquisitions.
The announcement of Tapestry's acquisition of Capri Holdings has increased hopes of more luxury brand acquisitions, which may drive up Lululemon's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tapestry's stock may rise in the short term due to the announcement of its acquisition of Capri Holdings.
The announcement of Tapestry's acquisition of Capri Holdings has increased hopes of more luxury brand acquisitions, which is likely to drive up Tapestry's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Victoria's Secret's stock may rise in the short term due to increased hopes of more luxury brand acquisitions.
The announcement of Tapestry's acquisition of Capri Holdings has increased hopes of more luxury brand acquisitions, which may drive up Victoria's Secret's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50