Capri Holdings Limited news and archive

Capri Holdings returns to profit in first quarter despite revenue decline

US fashion group Capri Holdings Limited exceeded expectations in the first quarter of the 2025/26 financial year. While the company experienced a significant decline in revenue, it reported a profit, unlike the same period last year, due to significantly lower costs. This is evident from the latest results released on Wednesday. In the first...

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Turnover declines by 66.5 percent at Capri Holdings, posts net loss of 180 million dollars

Capri Holdings Limited’s total revenue of 451 million dollars decreased 66.5 percent for the first quarter, while on a constant currency basis, total revenue decreased 66.2 percent. Gross profit was 302 million dollars and gross margin was 67 percent compared to 834 million dollars and 62 percent in the prior year. Adjusted gross profit was 303...

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Capri Holdings Limited completes acquisition of Versace

Michael Kors Limited has completed its change of name to Capri Holdings Limited. From January 2, its ticker symbol at the New York Stock Exchange will be CPRI. Fashion’s new luxury conglomerate, which includes footwear label Jimmy Choo, has also announced it has completed the acquisition of Italian fashion house Versace. The 2 billion US dollar...

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Donatella says no Italian companies were interested in buying Versace

After announcing the sale of Versace to Michael Kors Holdings Limited, Donatella Versace was inquired by Italian newspaper Corriere della Sera about the decision to sell the company to an American business, rather than a fellow Italian one. Matteo Salvini, Italy’s Deputy Prime Minister, reacted to the news by saying he’s “fed up” of seeing...