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Capri Holdings CFO resigns, Rajal Mehta appointed interim successor
Global luxury fashion group Capri Holdings has announced an executive leadership transition. Thomas J. Edwards, Jr., who serves as executive vice president, chief financial officer (CFO), and chief operating officer (COO), will step down from his role on June 20, 2025, to pursue another opportunity. In response, Capri Holdings, the company...
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Versace owner Capri Holdings outlines optimistic financial goals for 2025
For 2025, Capri Holdings, owner of Versace, Jimmy Choo, and Michael Kors, projects 4.4 billion dollars in total revenue. The projection breaks down to 3 billion dollars from Michael Kors, 810 million dollars from Versace, and 600 million dollars from Jimmy Choo. In preparation for its New York City investor day, the company released optimistic...
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Capri Holdings and Tapestry terminate merger deal
Capri Holdings Limited and Tapestry Inc. have reached an agreement to terminate their merger arrangement, Capri announced in a press release. The news comes after a judge blocked the multi-billion dollar deal. Capri and Tapestry have said they are finally pulling the plug on their multi-billion dollar deal "in the best interest of both...
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