Versace contributes to growth of Capri group - leatherbiz: Leading new Leatherbiz

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Versace contributes to growth of Capri group

31/05/2019
US leathergoods group Capri, formerly Michael Kors, has reported revenue of more than €1.3 billion in the fourth quarter of the financial year (three months ended March 30), an increase of 13.9% compared to the same period of the previous year.

The group’s full-year revenue was more than $5.2 billion, up 11% year-on-year.

In the fourth quarter, the Michael Kors brand brought in revenue of approximately €1.1 billion, a drop of 0.4% compared to the same three months of 2018. 

Sales from high-end shoe brand Jimmy Choo were worth $139 million, a year-on-year increase of 28.7%.

Capri changed its name in January after completing the acquisition of Italian luxury fashion house Gianni Versace. Its new acquisition brought in revenue of $137 million during the fourth quarter. This figure exceeded Capri’s expectations of $130 million.

Related stories:

More leathergoods on the horizon for Versace 07/06/2019
Flat revenue for rebranded Michael Kors group 11/02/2019
Michael Kors changes its name after Versace acquisition 03/01/2019
Jimmy Choo contributes to Michael Kors growth 12/11/2018
Michael Kors to acquire Versace brand 26/09/2018

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