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Michael Kors, Capri
How Michael Kors’ owner Capri made a $675 million mistake by waiting in vain for a white knight
When Coach parent company Tapestry announced it would buy archrival Capri Holding for $8.5 billion in the summer of 2023, it touted the move as a union that would give birth to an American luxury powerhouse.
Capri Tried to Fix Michael Kors and Versace. It Tanked Their Sales Instead.
Sharp price increases and other missteps caused the company’s quarterly revenue to fall 12% in the important holiday period.
Michael Kors and Versace Sales Tumble
Luxury-brand owner Capri Holdings said it is re-evaluating its strategy after sales of Michael Kors, Versace and Jimmy Choo tumbled in the latest quarter. The company reported a near-12% decline in revenue and a net loss of $547 million for the quarter ended Dec.
1d
on MSN
The Plan to Revive Michael Kors and Versace Tanked Their Sales Instead
Fashion executive John Idol owned up to some big mistakes Wednesday: In trying to revive sales for Michael Kors and Versace, ...
1d
Michael Kors-owner Capri's bleak forecast signals slow luxury demand recovery
Capri Holdings forecast revenue for the year as well as fiscal 2026 below Wall Street estimates on Wednesday, as the Michael ...
2d
Show Tunes and Martinis at a Party for Michael Kors
Alan Cumming, Katie Holmes and Iman were among the celebrities who gathered at a storied bar in Manhattan to toast the ...
1d
Nicole Scherzinger Suits Up With Bra Top and Sequined Skirt for Michael Kors Cocktail Party in New York
Nicole Scherzinger put a sparkling spin on the skirt suit at a Michael Kors cocktail party at the legendary Bemelmans Bar on ...
Soap Central on MSN
12d
8 best Michael Kors bags to add to your wardrobe in 2025
If you have been contemplating getting a designer bag, 2025 is the year to add a Michael Kors bag to your collection.
1d
on MSN
Capri Faces Brand Challenges in Q3
Capri Holdings Limited faced a tough fiscal third quarter, coming up short on earnings expectations amid a challenging ...
1d
Capri Hit Hard by $675M Impairment Charge in Q3
The company, which sources say has been looking to sell Versace and Jimmy Choo, continues to log significant declines.
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Capri
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