Your Daily Brief For August 11th

Your Daily Brief For August 11th

4 months ago1 min

Today's Stories

Today's Insight

Your Brief Summary

In today’s Daily Brief, we'll be looking at a tie-up between luxury rivals Tapestry and Capri.

"Coach-owner Tapestry struck an $8.5 billion deal to buy Capri – a move that'll create a combined company better positioned to compete with more decorated European rivals."

Key takeaways:

  • Tapestry’s buying up Capri to create an all-American fashion giant
  • Disney’s results were a mixed bag – but chipper investors found something to be happy about


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Disclaimer: These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment advisor.

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