Capri, Versace and Michael Kors
Missteps Hurt Michael Kors Sales, Capri CEO Says
Capri Holdings said its Michael Kors and Versace brands hiked prices too high and made other missteps that contributed to a near-12% decline in quarterly revenue and a net loss of $547 million. The company’s shares fell 11% in Wednesday morning trading.
9hon MSN
When Coach parent company Tapestry announced it would buy archrival Capri Holding for $8.5 billion in the summer of 2023, it ...
Capri Holdings forecast revenue for the year as well as fiscal 2026 below Wall Street estimates on Wednesday, as the Michael ...
The company, which sources say has been looking to sell Versace and Jimmy Choo, continues to log significant declines.
Capri Holdings, owner of the Versace, Jimmy Choo and Michael Kors brands, has reported total revenue of $1.26bn in the third ...
Capri Holdings (CPRI) experiences double-digit revenue declines for its Versace and Michael Kors labels, leading to ...
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range ...
Problems at Versace, Michael Kors and Jimmy Choo led to a company-wide revenue decline of more than 11% in the third quarter ...
Capri Holdings faces challenges with potential exits of Versace and Jimmy Choo, impacting its luxury conglomerate ambitions.
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