How Michael Kors’ owner Capri made a $675 million mistake by waiting in vain for a white knight
When Coach parent company Tapestry announced it would buy archrival Capri Holdings for $8.5 billion in the summer of 2023, it ...
Michael Kors-owner Capri's bleak forecast signals slow luxury demand recovery
Capri Holdings forecast revenue for the year as well as fiscal 2026 below Wall Street estimates on Wednesday, as the Michael ...
Capri Hit Hard by $675M Impairment Charge in Q3
The company, which sources say has been looking to sell Versace and Jimmy Choo, continues to log significant declines.
Capri’s Q3 FY25 revenue dips 11.6% as business remains challenged
Capri Holdings, owner of the Versace, Jimmy Choo and Michael Kors brands, has reported total revenue of $1.26bn in the third ...
Capri's CEO says Versace's revenue sank because it made 2 mistakes
Capri CEO John Idol said Versace may have leaned too hard into quiet luxury while pricing out its entry-level customers.
Michael Kors and Versace Sales Tumble
Luxury-brand owner Capri Holdings said it is re-evaluating its strategy after sales of Michael Kors, Versace and Jimmy Choo tumbled in the latest quarter. The company reported a near-12% decline in ...
Capri continues to struggle after Tapestry lifeline disappears
Problems at Versace, Michael Kors and Jimmy Choo led to a company-wide revenue decline of more than 11% in the third quarter ...
Capri Faces Brand Challenges in Q3
Capri Holdings Limited faced a tough fiscal third quarter, coming up short on earnings expectations amid a challenging ...
Capri profits erode as FQ3 sales drop 11%
Capri Holdings (CPRI) experiences double-digit revenue declines for its Versace and Michael Kors labels, leading to ...