jimmy choo news and archive

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...

2 Sep 2020

Business

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...

5 Aug 2020

Business

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...

1 Jul 2020

Fashion

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...

23 Apr 2020

Business

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...

7 Apr 2020

Fashion

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...

2 Apr 2020

Fashion

Jimmy Choo debuts make-up collection

Luxury accessories brand Jimmy Choo has branched out into make-up with the launch of its first capsule collection consisting of lipsticks, nail polishes, and fragrances, inspired by its shoes. The ‘Seduction’ collection is inspired by “timeless glamour and red carpet spirit” of the luxury brand and is the embodiment of the label’s “refined...

19 Mar 2020

Retail

COVID-19 impact: All Versace, Jimmy Choo and Michael Kors stores closed

Capri Holdings Limited, to help protect the health and safety of its employees, consumers and the communities where the company operates, it will temporarily close all directly operated Versace, Jimmy Choo and Michael Kors stores in North America from March 18 and in Europe from March 19 through April 10, 2020. John Idol, the company’s Chairman...

18 Mar 2020

Business

Capri Q3 revenues up but warns of 100 million dollar hit from coronavirus

Michael Kors owner Capri Holdings has warned that the coronavirus outbreak in China, which has already prompted the closure of 150 of its 220 stores in the region, could result in a 100 million dollar hit to its revenue. The company, which owns brands Michael Kors, Versace, and Jimmy Choo, made the announcement while releasing its results for...

6 Feb 2020

Fashion

Jimmy Choo launches new fragrance

Jimmy Choo is stepping up its fragrance game. As the brand has already carved out their niche in the world of women's and men's footwear, fragrances are their next frontier. The latest addition to the brand's fragrance collection is Urban Hero, a new men's fragrance. The new fragrance was inspired by street art, and was concocted by perfumers...

9 Jan 2020

Fashion

Net-a-Porter and Jimmy Choo team up for exclusive red carpet capsule

E-commerce giant Net-a-Porter and British luxury brand Jimmy Choo have collaborated for the first time to launch a capsule collection of 13 exclusive red carpet styles made up of 10 shoes and three bags. The collection taps Jimmy Choo’s savoir-faire when it comes to dressing celebrities for the red carpet. According to Net-a-Porter, the capsule...

14 Oct 2019

Business

Capri Holdings turnover up 11.9 percent, confirms earnings outlook

Capri Holdings Limited’s total revenue of 1.346 billion dollars increased 11.9 percent in the first quarter compared to last year, while on a constant currency basis, total revenue increased 13.8 percent. The company said, net income was 45 million dollars or 30 cents per diluted share compared to 186 million dollars or 1.22 dollars per diluted...

7 Aug 2019