News

Challenging quarter for Capri Holdings

08/02/2023

Capri Holdings, the parent group of Michael Kors, Jimmy Choo and Versace, has reported revenues of just under $4.3 billion for the first nine months of its current business year, the period to December 31.

While this represents an increase of 2.9% year on year, the company said it was disappointed with its performance in the final three months of the period, which included the shopping season for Christmas and other holidays. Its result for the quarter was $1.5 billion, a decline of 6% year on year.

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