Jimmy Choo news and archive

Softening demand for luxury fashion impacts Capri Holdings' Q4

Versace parent Capri Holdings Limited reported fourth quarter revenue of 1.223 billion dollars, down 8.4 percent compared to last year. On a constant currency basis, total revenue decreased 7.9 percent. The company said in a statement that total retail sales declined in the mid-single-digits with trends impacted by softening demand globally for...

Fashion

Jimmy Choo to launch golf collection

Luxury footwear brand Jimmy Choo has confirmed it's collaborating with LA-based Malbon Golf, founded by Stephen and Erica Malbon. In a short statement, Jimmy Choo said the collection would combine the brand’s glamour with Malbon’s disruptive take on the world of golf to “elevate golf essentials with a layer of sophistication”. The sport-inspired...

ManagementFeatured

Soft luxury demand impacts Capri Holdings Q3

Capri Holdings’ third quarter revenue of 1.43 billion dollars decreased 5.6 percent compared to last year. On a constant currency basis, total revenue decreased 6.6 percent. The company said in a statement that retail sales declined in the mid-single-digits with trends being impacted by softening luxury consumer demand primarily in the Americas...

ManagementFeatured

Capri Holdings reports decline in second quarter revenue

Capri Holdings Limited, a US luxury fashion group that owns the Michael Kors, Versace and Jimmy Choo brands, fell short of its own expectations in the second quarter of the current financial year, ended 30 September. Total sales came in at 1.29 billion US dollars, falling by 8.6 percent compared to the previous year. On a constant currency...

Fashion |In Pictures Featured

Jimmy Choo unveils collaboration with Jean Paul Gaultier

Luxury footwear and accessories label Jimmy Choo has unveiled its collaborative capsule collection with French fashion brand Jean Paul Gaultier. The Jimmy Choo x Jean Paul Gaultier capsule, co-designed by the house's respective creative directors - Sandra Choi and Florence Tétier, aims to offer “glamorous rebellion” for autumn/winter 2023....

Fashion

Jimmy Choo to collaborate with Jean Paul Gaultier

Luxury fashion accessories brand Jimmy Choo has confirmed that it is collaborating with French fashion house Jean Paul Gaultier. In a short statement, Jimmy Choo said it was working with Jean Paul Gaultier on an exclusive capsule collection of footwear, which will be available in selected stores globally and online in October. Further details...

ManagementFeatured

Capri Holdings posts decline in Q1 revenues

Capri Holdings Limited, the parent of luxury labels Michael Kors, Versace, and Jimmy Choo, has reported a 9.6 percent drop in first-quarter revenue to 1.23 billion dollars. The financial update comes the same day it was revealed that luxury group Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, is to acquire Capri in a...

Business

Safilo Group to end Jimmy Choo partnership, issues update on Longarone plant talks

Eyewear manufacturer and distributor Safilo Group has announced that it will be terminating its contract with the luxury brand Jimmy Choo. Reasons for ending the deal were not disclosed, however a statement from the company stated that the licensing agreement for the design, production and distribution of the house’s eyewear collection was to “...

Fashion Featured

Capri Holdings announces partnership to support regenerative agriculture in US

Capri Holdings has teamed up with the National Fish and Wildlife Foundation (NFWF) to support and accelerate the adoption of regenerative agriculture practices in the US. The luxury fashion group, which owns brands Versace, Michael Kors, and Jimmy Choo, said the three-year partnership aims to improve 150,000 acres of US grasslands “to drive a...

ManagementFeatured

Capri Holdings Q4 revenue down 10.5 percent, swings to loss

Michael Kors parent company Capri Holdings has reported a double-digit drop in revenue in the fourth quarter as it swung to a loss. The US fashion group generated revenue of 1.34 billion dollars in the three months to April 1 compared to revenue of 1.49 billion dollars a year earlier. However, the decrease amounted to a less significant 3...

Report

Capri Holdings appoints Bacardi CEO to its board of directors

Capri Holdings Limited has appointed Mahesh Madhavan to the company’s board of directors effective March 30, 2023. Madhavan, the company said in a statement, will join the compensation and talent committee as well as the governance, nominating and corporate social responsibility committee. As of the date of Madhavan’s appointment, the Capri...

ManagementFeatured

Capri Holdings posts drop in revenue and earnings

Capri Holdings Limited’s third quarter revenue decreased 6 percent on a reported basis and 0.5 percent in constant currency to 1.51 billion dollars. Gross profit was 1.01 billion dollars and gross margin was 66.5 percent compared to 1.05 billion dollars and 65.1 percent in the prior year. Adjusted gross profit was 1 billion dollars and adjusted...