<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/08/156913455-m-normal-none.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/08/156913455-m-normal-none.jpg"/></p>
<p>Capri Holdings (CPRI) 的股价经历了剧烈的反转，正处于连续第三周下跌的轨道，因为其收购提议失败。股价跌至 19.45 美元，为 2020 年 10 月以来的最低水平，比 2023 年的最高点低 73%。</p>
<h2>Tapestry 与 Capri Holdings 的交易</h2>
<p>Capri Holdings 股价暴跌的主要原因是 FTC 赢得了对其与 Tapestry（Coach、Kate Spade 和 Stuart Weitzman 的母公司）拟议合并的法律挑战。</p>
<p>在一份文件中，Capri 表示将在法院对合并交易发布初步禁令后向上诉法院提起上诉。阻止合并时，法官 Rochon 表示：</p>
<blockquote>
</blockquote>
<p>“证据表明，Tapestry 认为收购 Michael Kors 是减少 Michael Kors 折扣并提高其价格的机会。”</p>
<p>我相信 FTC 提出了强有力的理由来阻止这笔合并，因为它表明这两家公司向客户提供 “可负担的奢侈品”。因此，合并可能会在该领域造成美国垄断。</p>
<p>然而，这些公司可以证明该行业要大得多，并且由 LVMH 和 Burberry 等欧洲品牌主导。</p>
<p>我认为 Tapestry 最终会放弃这项收购，专注于发展自己的业务。此外，由于对手袋价格的影响，这笔交易的成功几率显著降低。</p>
<p>阅读更多：Capri 股价因与 Tapestry 达成合并协议而飙升 55%</p>
<h2>那么，Capri Holdings 接下来会怎样？</h2>
<p>因此，假设 Capri Holdings 与 Tapestry 的合并失败，前者将会发生什么？</p>
<p>查看 Capri 的财务状况可以看出它对这笔交易的高度承诺。过去几年，其年收入相对波动。2019 年收入为 55 亿美元，2021 年降至 40.6 亿美元。</p>
<p>Capri 的收入在 2022 年上升至 56.1 亿美元，但在上一个财年降至 51.6 亿美元，因为消费者支出减缓。</p>
<p>更糟糕的是，其利润也在朝着错误的方向发展。2021 年净利润为 8.22 亿美元，2022 年为 6.16 亿美元，而在上一个财年则出现了 2.29 亿美元的净亏损。</p>
<p>最近的财务结果显示，其收入继续朝着错误的方向发展。收入下降了 13%，降至 10.7 亿美元，管理层将其归咎于消费者支出疲软。</p>
<p>公平地说，其他奢侈品领域的大型企业如 Burberry、Kering 和 LVMH 最近也报告了疲软的财务结果，称中国需求减弱。然而，Capri 的业务似乎比其他奢侈品牌表现得更糟。</p>
<p>因此，Capri 的毛利润降至 6.89 亿美元，而其运营亏损为 1400 万美元，低于之前的 4800 万美元的利润。</p>
<p>这三大品牌的表现都不佳。Versace 的收入下降了 15.4%，降至 2.19 亿美元，而 Jimmy Choo 和 Michael Kors 分别下降了 5.5% 和 14.2%。</p>
<p>Capri 面临的另一个大问题是其资产负债表并不理想。上个季度末，其短期债务超过 4.61 亿美元，租赁负债 3.74 亿美元，长期债务 12 亿美元，以及长期租赁负债 13 亿美元。</p>
<p>这些高额负债仅由 2.13 亿美元的现金及现金等价物和 9.02 亿美元的库存支持。</p>
<h2>Capri 股价分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/10/Capri-Stock-1024x568.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/10/Capri-Stock-1024x568.png"/></p>
<p>Capri 图表来自 TradingView</p>
<p>那么，Capri Holdings 的股价接下来会怎样？周线图显示，CPRI 股价在过去几个月一直处于强烈的下跌趋势。它最近跌破了 29.30 美元的关键支撑位，这是 8 月 12 日的最低点。</p>
<p>该股票形成了死亡交叉形态，50 周和 200 周移动平均线交叉。</p>
<p>Capri 还无效化了反向头肩形态，这是一种流行的看涨信号。它还跌破了 37 美元的关键支撑位，这是 2022 年 5 月的最低点。在大多数情况下，双顶形态是最看跌的信号之一。</p>
<p>因此，股票可能会继续下跌，因为卖方瞄准 5.50 美元的关键支撑位，这是 3 月 16 日的最低点。这一跌幅意味着从当前水平下降 73%。</p>
<p>Capri Holdings 股价正朝着 75% 的崩盘方向发展，首次出现在 Invezz 上。</p>

CPRI

<p>Capri Holdings (CPRI) 的股票正处于 75% 的下跌轨道，这是其连续第三周亏损，原因是收购提议失败。该股票跌至 0.45 美元，为 2020 年 10 月以来的最低点，较 2023 年的峰值下跌了 73%。此次下跌是由于联邦贸易委员会（FTC）对与 Tapestry 的合并提出法律挑战，引发了对潜在垄断行为的担忧。Capri 的财务状况显示出波动性，最近的收入和利润显著下降，同时负债高企。分析师预测该股票将继续呈现看跌趋势，目标支撑位为 0.50 美元</p>

<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/08/156913455-m-normal-none.jpg" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2023/08/156913455-m-normal-none.jpg"/></p>
<p>Capri Holdings (CPRI) stock price has suffered a harsh reversal and is on track for the third consecutive week of decline after its acquisition bid failed. It dropped to a low of $19.45, its lowest level since October 2020, and 73% below its highest level in 2023.</p>
<div class="lb-trans"><p>Capri Holdings (CPRI) 的股价经历了剧烈的反转，正处于连续第三周下跌的轨道，因为其收购提议失败。股价跌至 19.45 美元，为 2020 年 10 月以来的最低水平，比 2023 年的最高点低 73%。</p>
</div><h2>Tapestry and Capri Holdings deal</h2>
<div class="lb-trans"><h2>Tapestry 与 Capri Holdings 的交易</h2>
</div><p>The main reason why the Capri Holdings stock price has imploded is that the FTC won a legal challenge for its proposed merger with Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman.</p>
<div class="lb-trans"><p>Capri Holdings 股价暴跌的主要原因是 FTC 赢得了对其与 Tapestry（Coach、Kate Spade 和 Stuart Weitzman 的母公司）拟议合并的法律挑战。</p>
</div><p>In a filing, Capri said that it would file the court ruling to the Court of Appeals after a court gave a preliminary injunction to block the merger transaction. When blocking the merger, Judge Rochon said:</p>
<blockquote>
</blockquote>
<div class="lb-trans"><p>在一份文件中，Capri 表示将在法院对合并交易发布初步禁令后向上诉法院提起上诉。阻止合并时，法官 Rochon 表示：</p>
<blockquote>
</blockquote>
</div><p>“The evidence reflects that Tapestry perceived the acquisition of Michael Kors to be an opportunity to decrease Michael Kors’s discounting and increase Michael Kors’s prices.”</p>
<div class="lb-trans"><p>“证据表明，Tapestry 认为收购 Michael Kors 是减少 Michael Kors 折扣并提高其价格的机会。”</p>
</div><p>I believe that the FTC has made a strong case for blocking the merger because it demonstrated that the two companies offer “affordable luxury” products to their customers. As such, a merger could create an American monopoly in that area.</p>
<div class="lb-trans"><p>我相信 FTC 提出了强有力的理由来阻止这笔合并，因为它表明这两家公司向客户提供 “可负担的奢侈品”。因此，合并可能会在该领域造成美国垄断。</p>
</div><p>However, the companies could demonstrate that the industry is much bigger and that it is dominated by European brands like LVMH and Burberry.</p>
<div class="lb-trans"><p>然而，这些公司可以证明该行业要大得多，并且由 LVMH 和 Burberry 等欧洲品牌主导。</p>
</div><p>My view is that Tapestry will ultimately give up on the bid and focus on building its business. Besides, the odds are significantly against the deal because of their impact on higher handbag prices.</p>
<div class="lb-trans"><p>我认为 Tapestry 最终会放弃这项收购，专注于发展自己的业务。此外，由于对手袋价格的影响，这笔交易的成功几率显著降低。</p>
</div><p>Read more: Capri stock soars 55% on a merger agreement with Tapestry</p>
<div class="lb-trans"><p>阅读更多：Capri 股价因与 Tapestry 达成合并协议而飙升 55%</p>
</div><h2>So, what next for Capri Holdings?</h2>
<div class="lb-trans"><h2>那么，Capri Holdings 接下来会怎样？</h2>
</div><p>Therefore, assuming that the Capri Holdings and Tapestry fails, what will happen to the former?</p>
<div class="lb-trans"><p>因此，假设 Capri Holdings 与 Tapestry 的合并失败，前者将会发生什么？</p>
</div><p>A look at Capri’s financials shows why it is very committed to the deal. Its annual revenues have been relatively volatile in the past few years. It brought in $5.5 billion in 2019, a figure that dropped to $4.06 billion in 2021.</p>
<div class="lb-trans"><p>查看 Capri 的财务状况可以看出它对这笔交易的高度承诺。过去几年，其年收入相对波动。2019 年收入为 55 亿美元，2021 年降至 40.6 亿美元。</p>
</div><p>Capri’s revenue then rose to $5.61 billion in 2022 and dropped to $5.16 billion in the last financial year as consumer spending eased.</p>
<div class="lb-trans"><p>Capri 的收入在 2022 年上升至 56.1 亿美元，但在上一个财年降至 51.6 亿美元，因为消费者支出减缓。</p>
</div><p>Worse, its profits have also been moving in the wrong direction. It made a net profit of $822 million in 2021, followed by $616 million in 2022, and a net loss of $229 million in the last financial year.</p>
<div class="lb-trans"><p>更糟糕的是，其利润也在朝着错误的方向发展。2021 年净利润为 8.22 亿美元，2022 年为 6.16 亿美元，而在上一个财年则出现了 2.29 亿美元的净亏损。</p>
</div><p>The most recent financial results showed that its revenue continued moving in the wrong direction. It dropped by 13% to $1.07 billion, which the management blamed on soft consumer spending.</p>
<div class="lb-trans"><p>最近的财务结果显示，其收入继续朝着错误的方向发展。收入下降了 13%，降至 10.7 亿美元，管理层将其归咎于消费者支出疲软。</p>
</div><p>In all fairness, other big players in the luxury space like Burberry, Kering, and LVMH have reported weak financial results recently, citing softening demand in China. However, Capri’s business seems to be doing much worse than other luxury brands.</p>
<div class="lb-trans"><p>公平地说，其他奢侈品领域的大型企业如 Burberry、Kering 和 LVMH 最近也报告了疲软的财务结果，称中国需求减弱。然而，Capri 的业务似乎比其他奢侈品牌表现得更糟。</p>
</div><p>Consequently, Capri’s gross profit fell to $689 million, while its loss from operations came in at $14 million, worse than the previous profit of $48 million.</p>
<div class="lb-trans"><p>因此，Capri 的毛利润降至 6.89 亿美元，而其运营亏损为 1400 万美元，低于之前的 4800 万美元的利润。</p>
</div><p>All three brands are not doing well. Versace’s revenue fell by 15.4% to $219 million, while Jimmy Choo and Michael Kors fell by 5.5% and 14.2%, respectively.</p>
<div class="lb-trans"><p>这三大品牌的表现都不佳。Versace 的收入下降了 15.4%，降至 2.19 亿美元，而 Jimmy Choo 和 Michael Kors 分别下降了 5.5% 和 14.2%。</p>
</div><p>The other big issue that Capri faces is that its balance sheet is not all that good. It ended the last quarter with over $461 million in short-term debt, $374 million in lease liabilities, $1.2 billion in long-term debt, and $1.3 billion in long-term lease liabilities.</p>
<div class="lb-trans"><p>Capri 面临的另一个大问题是其资产负债表并不理想。上个季度末，其短期债务超过 4.61 亿美元，租赁负债 3.74 亿美元，长期债务 12 亿美元，以及长期租赁负债 13 亿美元。</p>
</div><p>These substantially high liabilities are backed by $213 million in cash and equivalents and $902 million in inventories.</p>
<div class="lb-trans"><p>这些高额负债仅由 2.13 亿美元的现金及现金等价物和 9.02 亿美元的库存支持。</p>
</div><h2>Capri stock price analysis</h2>
<div class="lb-trans"><h2>Capri 股价分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/10/Capri-Stock-1024x568.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/10/Capri-Stock-1024x568.png"/></p>
<p>Capri chart by TradingView</p>
<div class="lb-trans"><p>Capri 图表来自 TradingView</p>
</div><p>So, what next for the Capri Holdings share price? The weekly chart shows that the CPRI share price has been in a strong bearish trend in the past few months. It recently crossed below the key support at $29.30, its lowest point on August 12.</p>
<div class="lb-trans"><p>那么，Capri Holdings 的股价接下来会怎样？周线图显示，CPRI 股价在过去几个月一直处于强烈的下跌趋势。它最近跌破了 29.30 美元的关键支撑位，这是 8 月 12 日的最低点。</p>
</div><p>The stock has formed a death cross pattern as the 50-week and 200-week moving averages have crossed each other.</p>
<div class="lb-trans"><p>该股票形成了死亡交叉形态，50 周和 200 周移动平均线交叉。</p>
</div><p>Capri has also invalidated the inverse head and shoulders pattern, a popular bullish sign. It has also moved below the key support at $37, its lowest point in May 2022. In most periods, a double-top pattern is one of the most bearish signs.</p>
<div class="lb-trans"><p>Capri 还无效化了反向头肩形态，这是一种流行的看涨信号。它还跌破了 37 美元的关键支撑位，这是 2022 年 5 月的最低点。在大多数情况下，双顶形态是最看跌的信号之一。</p>
</div><p>Therefore, the stock will likely continue falling as sellers target the key support at $5.50, its lowest point on March 16. This drop implies a 73% drop from the current level.</p>
<div class="lb-trans"><p>因此，股票可能会继续下跌，因为卖方瞄准 5.50 美元的关键支撑位，这是 3 月 16 日的最低点。这一跌幅意味着从当前水平下降 73%。</p>
</div><p>The post Capri Holdings stock price is heading towards a 75% crash appeared first on Invezz</p>
<div class="lb-trans"><p>Capri Holdings 股价正朝着 75% 的崩盘方向发展，首次出现在 Invezz 上。</p>
</div>

Capri Holdings 的股价正走向 75% 的暴跌