Capri Holdings, the parent company of luxury labels Michael Kors, Versace and Jimmy Choo, has upped its full-year revenue and profit guidance after beating expectations in the second quarter of the year. In the three months to September 25 2021, revenue at the group increased 17 percent to 1.3 billion dollars, with “better than expected” results...
Nov 3, 2021
Capri Holdings has announced that Joshua Schulman is the new CEO of Michael Kors, effective immediately, and will take on the role of group CEO from September 2022. Schulman joins the luxury fashion group from Tapestry, where he was president and CEO of the Coach brand from 2017 to 2020. Prior to that, he spent five years at Neiman Marcus Group,...
Aug 24, 2021
Versace and Michael Kors parent Capri Holdings Ltd on Friday raised its annual revenue forecast from 5.2 billion dollars to 5.3 bn dollars. The US-based conglomerate navigated the pandemic like most luxury giants, seeing a positive growth in sales of its accessories and ready-to-wear collections at the start of 2021. The company said revenue was...
Jul 30, 2021
Capri Holdings, the parent company of Michael Kors, Jimmy Choo, and Versace, has named Jenna Hendricks its new senior vice president and chief people officer. In her new role, Hendricks will be responsible for the global human resources organizations across all three Capri Holdings brands. Hendricks will report to John D. Idol, chairman and CEO...
Jun 1, 2021
Michael Kors parent company Capri Holdings managed to narrow its losses in the fourth quarter of the year despite revenue remaining flat, as revenue for all three of its luxury houses beat expectations. The luxury fashion group, which also owns brands Jimmy Choo and Versace, reported a net loss of 183 million dollars for the three months ended...
May 27, 2021
Capri Holdings, the fashion group behind Michael Kors, Jimmy Choo and Versace, has appointed Marilyn Crouther to its board of directors. Crouther is currently the CEO and principal of Crouther Consulting, a firm that provides consulting services to IT companies. She has also previously been the senior vice president and general manager of B2B IT...
May 21, 2021
Michael Kors parent Capri Holdings has named Alejandro Martinez-Galindo as the group’s new chief information officer (CIO), effective March 8. Martinez-Galindo has held executive roles across various industries including retail, automotive and pharmaceutical. Most recently, he was CIO at Walgreens, where he spearheaded a comprehensive...
Mar 3, 2021
Michael Kors parent company Capri Holdings beat Q3 earnings estimates on Wednesday and marked its second consecutive profit-making quarter. The luxury fashion group, which also owns brands Jimmy Choo and Versace, reported net income of 179 million dollars, a 14.8 percent drop compared to Q3 2019. For the three months ended 26 December, total...
Feb 3, 2021
Luxury fashion group Capri Holdings has named Hannah Colman as the new CEO of Jimmy Choo. Colman, who has been serving as interim CEO, joined Jimmy Choo 24 years ago as a store manager in the first boutique on Motcomb Street, London, making her one of the label’s earliest employees. Since then, she has held several roles including most recently...
Sep 2, 2020
Capri Holdings Limited has said that its fourth quarter revenue declined 11.3 percent to 1,192 million dollars, while full year revenues increased by 6 percent to 5,551 million dollars. The company’s fourth quarter net loss was 551 million dollars or 3.69 dollars per diluted share compared to net income of 19 million dollars or 13 cents per...
Jul 1, 2020
Capri Holdings reported its net loss for Q4 decreased on Wednesday. Compared with the same period last year, revenues also decreased by 11.3 percent. For Q4, the company's net profit was -552 million dollars, dropped from 19 million dollars last year. Furthermore, revenues dropped to 1,192 million dollars. The profit margin of the company...
Capri Holdings is resuming store operations globally, in accordance with local government reopening plans and safety protocols. Slightly more than half of the company’s global stores are currently open. The company, which consists of Versace, Jimmy Choo and Michael Kors, has reopened less than 15 percent of its 455 retail stores in the Americas....
May 28, 2020
This site uses cookies to deliver its services, to personalise ads and to analyse traffic. If you continue browsing the site, you agree to our use of cookies.