Capri completes Versace sale
02/12/2025
The group said the proceeds will be used to repay most of its debt, which will reduce leverage and strengthen its balance sheet. Capri expects the transaction to improve financial flexibility for future investment and potential returns to shareholders.
The company will now focus on its remaining brands, Michael Kors and Jimmy Choo, with the aim of stabilising the business during the year and preparing for growth in fiscal 2027.
Capri also thanked the Versace team for its work under the group’s ownership and said Prada is well placed to guide the brand through its next phase.
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