Capri Holdings news and archive

Michael Kors celebrates 45th anniversary with intrinsically New York collection

Michael Kors has long been a cornerstone of New York’s fashion scene and subsequently the city’s fashion week, a heritage that this year the designer honoured in a 45th anniversary celebration for his namesake brand. During NYFW AW26, Kors aptly took on the theme ‘New York Chic’ for his show, which was presented as a runway at The Metropolitan...

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Business

Capri Holdings exceeds Q3 expectations despite revenue decline

US fashion group Capri Holdings Limited experienced a decline in sales during the third quarter of the 2025/26 financial year. However, it successfully returned to profitability. The company's latest results, published on Tuesday, surpassed the expectations of both management and analysts. In the most recent quarter, which ended on December 27,...

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Business

Capri's post-Versace reset: Michael Kors preps 'modern glamour' revival

Capri Holdings officially offloaded Versace this week, marking a “seminal moment” for a company now seeking to reset and refocus. The US fashion giant has maintained its stance that the divestiture is not a retreat, but a liquidity-backed strategic reboot, positioning Michael Kors as its growth engine. Capri’s outlook post-Versace sale was...

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Business

Capri Holdings slips into red in second quarter

US fashion group Capri Holdings Limited slipped into the red during the second quarter of its 2025/26 financial year. The company also experienced a decline in revenue. However, the results, published on Tuesday, exceeded management's expectations. In the most recent quarter, which ended on September 27, revenue from continuing operations...

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Retail

Michael Kors refines London presence with smaller Regent Street flagship

Michael Kors’s new Regent Street flagship joins London’s luxury landscape with leaner splendour. The Capri Holdings-owned brand has reimagined a London flagship at 187-191 Regent Street this month, occupying a two-storey space of 848 square metres. The new store reflects a shift in the brand’s posture: pared-down luxury, underplayed glamour,...

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Business

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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Business

Capri holdings slides deeper into loss zone in fourth quarter

The US fashion group Capri Holdings Limited also suffered significant sales losses in the fourth quarter of the 2024/25 financial year. In addition, the group reported a significantly higher loss. However, the figures, which the company published on Wednesday, were not quite as bad as analysts had expected in the run-up. The current quarterly...

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Business|Background

Jimmy Choo isn’t losing its market appeal, as Capri Holdings considers further growth

The fairytale is over, but the shoe remains with Capri Holdings this time. The ownership of Jimmy Choo stays in the US, at least for now. The label didn’t seem to fit within the ambitions of Prada Group, which does have an industrial plan in the making for Versace. It is a fact that there is speculation that the Jimmy Choo file is still open on...

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Business

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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Business

Prada: Versace relaunch requires long-term mindset

The Prada Group intends to take its time with the relaunch of Versace. During a conference call on April 10, following the announcement of the Prada Group's acquisition of Versace, Andrea Guerra, CEO of the Prada Group, and Lorenzo Bertelli, head of corporate social responsibility for the group, stated that the next steps to fully unlock the...

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Business

It's official: Prada acquires Versace for 1.25 billion euros

Italian fashion group Prada is officially the new owner of Versace. As the fashion world already predicted, Prada Group and Capri Holdings Limited have just announced that Versace has been acquired for 1.25 billion euros. Prada Group will take over 100 percent of Versace’s shares in a transaction financed by 1.5 billion euros of new debt...

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Business

Prada-Versace deal: Rumours of 2.5 billion euro financing with Goldman Sachs

A banking consortium led by US investment bank Goldman Sachs is reportedly ready to provide Prada with a 2.5 billion euro financing line to support the Italian fashion group's acquisition of Versace, the Milan daily MF Fashion reported on Friday. Approximately 1.5 billion euros would be used for the acquisition, while the remaining one billion...