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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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Former Coach boss named new CEO of Capri Holdings, Michael Kors

Capri Holdings has announced that Joshua Schulman is the new CEO of Michael Kors, effective immediately, and will take on the role of group CEO from September 2022. Schulman joins the luxury fashion group from Tapestry, where he was president and CEO of the Coach brand from 2017 to 2020. Prior to that, he spent five years at Neiman Marcus Group,...

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