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Capri warns of slowing demand for luxury

13/02/2024
Capri warns of slowing demand for luxury

Footwear and fashion group Capri, the owner of Versace, Versace, Jimmy Choo and Michael Kors, has warned that the group is being affected by slowing demand for luxury goods. Group revenue in the third quarter decreased 5.6% to $1.43 billion. Versace revenue of $227 million decreased 8.8%, Jimmy Choo revenue of $166 million fell 1.2% and Michael...

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