Consumers are somewhat used to seeing price increases at luxury brands like Chanel, Rolex, Cartier, Bottega Veneta and Louis Vuitton over the past three years, where items like handbags and shoes are seeing new elevated costings. These price increases, however, are nudging other companies to do the same. Versace is one such brand. At Goldman...
Sep 13, 2022
Michael Kors owner Capri Holdings made revenue of 1.36 billion dollars in the first quarter ended July 2, up 8.5 percent compared to last year, or up 15.2 percent on a constant currency basis. Breaking it down by brand, Michael Kors - the group’s biggest label - reported revenue of 913 million dollars, up 4.8 percent on last year. Meanwhile,...
Aug 9, 2022
Fashion conglomerate Capri Holdings has announced a pledge of 10 million dollars to The Versace Foundation, supporting the new organisation’s initiatives that aim to drive awareness and uplift the LGBTQIA+ community. “We are pleased to announce the creation of The Versace Foundation,” said John D. Idol, chairman and chief executive officer of...
Jun 2, 2022
Capri Holdings Limited reported total fourth quarter revenue of 1.492 billion dollars increased 24.6 percent compared to last year. On a constant currency basis, total revenue increased 28.4 percent. On a 13-week basis, total revenue increased 18.8 percent. Net income for the quarter was 81 million dollars or 54 cents per diluted share, compared...
Jun 1, 2022
Luxury fashion group, Capri Holdings, which includes Versace, Jimmy Choo and Michael Kors, has announced that it will donate more than 1 million euros in essential clothing for Ukraine refugees. In a statement, Capri Holdings said that it would donate essential goods, including coats, sweaters and shoes, from its luxury brands through the...
Apr 5, 2022
Fashion conglomerate Capri Holdings has announced the appointment of Emmanuel Gintzburger as the chief executive officer of Versace, effective September 12, 2022. Gintzburger will report to chairman and CEO of the group, John D. Idol. The luxury veteran is to join the company from Alexander McQueen, where he served as CEO from May 2016. Prior to...
Mar 21, 2022
Joshua Schulman is to exit Capri Holdings, six months into his tenure as CEO of Michael Kors. Schulman was expected to become CEO of the entire group in September, succeeding chairman and CEO John Idol. The group also operates Versace and Jimmy Choo, in addition to Michael Kors. A reason for Schulman’s exit was not immediately provided, however...
Mar 8, 2022
American luxury group Capri Holdings is expected to raise prices across its portfolio of brands, which include Michael Kors, Versace and Jimmy Choo. The company saw a 24 percent rise in Q4, raising its revenue outlook in response. High demand for fashion has meant a quicker recovery from the pandemic than analysts originally forecasted....
Feb 3, 2022
Luxury fashion group Capri Holdings has upped its full-year profit and revenue guidance following “better than expected” sales at all three of its luxury houses in the third quarter. In the three months to December 25, the group reported revenue of 1.6 billion dollars, up 24 percent compared to a year earlier and also slightly up on pre-pandemic...
Feb 2, 2022
Capri Holdings Limited has released its 2021 corporate social responsibility report, detailing its progress towards key CSR targets. Its strategy is divided into three different areas- Our World, which focuses on sustainability in the environment and create products with longevity in mind, Our Community, which focuses on creating an inclusive...
Dec 16, 2021
The Capri Holdings Foundation for the Advancement of Diversity in Fashion has announced a new scholarship program. The foundation is partnering on the program with the Fashion Institute of Technology, Howard University, Pensole Academy and Central Saint Martins - University of the Arts London. The program will fund scholarships for around 100...
Dec 8, 2021
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