Jimmy Choo news and archive

Jimmy Choo launches its first beach collection with swimwear

Luxury accessories brand Jimmy Choo has launched its first beach capsule collection, offering swimwear for the first time. Jimmy Choo’s new collection recalls a colorful and degraded sunset, with sherbet shadows throughout the pieces, including flip-flops, a light canvas shoe, bags, and accessories such as an oversized beach towel. The swimsuits...

Capri Holdings narrows losses, upbeat on recovery

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...

Michael Kors parent Capri Holdings beats Q3 earnings estimates

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...

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Jimmy Choo appoints Hannah Colman as new CEO

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...

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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...

Capri Holdings Q4 revenues decrease by 11.3 percent

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...

Capri Holdings to go carbon neutral by 2025

Capri Holdings has launched its first group-wide corporate social responsibility strategy for Earth Day, in which it outlines a number of sustainability targets including one to become carbon neutral in its direct operation by 2025. The group, whose portfolio includes Versace, Michael Kors and Jimmy Choo, also aims for 100 percent of the energy...

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Capri Holdings to furlough 7,000 retail employees in North America

In response to the continuous spread of coronavirus, Versace owner Capri Holdings has announced that the company anticipates reducing its corporate workforce in order to generate additional payroll savings. The company said in a statement that it now anticipates that retail stores in North America and Europe will be closed until approximately...

Capri Holdings and founders make Covid-19 donation

Luxury fashion group, Capri Holdings, which includes Michael Kors, Versace and Jimmy Choo, has announced that its collective brands and their founders are donating more than 3 million US dollars in support of Covid-19 relief efforts. “Our hearts and souls go out to those who are working on the front lines to help the world combat the COVID-19...