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Capri Holdings Limited (formerly Michael Kors Holdings Limited) is a multinational fashion holding company, incorporated in the British Virgin Islands, [3] with executive offices in London [3] and operational offices in New York.
Tapestry announced it would acquire Capri Holdings in August 2023 for $8.5 billion. [10] Capri owns the brands Versace , Michael Kors , and Jimmy Choo . [ 11 ] The U.S. Federal Trade Commission sued to block the acquisition in April 2024 citing reduced competition between their brands, like Coach and Michael Kors, in the affordable luxury ...
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Capri reported a $0.45 EPS, a steep drop from the previous year’s $1.20. Despite a modest revenue beat—reporting $1.26 billion against a $1.255 billion estimate—total revenue fell 11.6% year ...
Image source: Getty Images. Capri comes up short. The parent company of Michael Kors, Jimmy Choo, and Versace said that revenue in the quarter fell 16.4% to $1.08 billion, which missed estimates ...
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