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Capri reaffirms strategic investments into Michael Kors following Versace sale
Last week, the long-rumoured Prada takeover of Versace was finally confirmed. And, while many began to speculate on what could come from the merging of the two Italian giants, at Versace’s now former owner, US conglomerate Capri Holdings, plans are already seemingly underway for the remnants of its portfolio. Following the announcement of Prada’...
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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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