Capri is led by Michael Kors (68% of fiscal 2024 sales), a major brand in the attractive midtier handbag market. However, we believe it lacks the brand strength to provide an economic moat for ...

in particular at Versace and Michael Kors, that negatively impacted our results,” said Idol, Capri’s chief executive. The company’s brands have been in free fall for years. The pressure to ...

The announcement sent shares of Capri — the owner of Versace, Jimmy Choo and Michael Kors — down 45% in after-hours trade. Shares of Tapestry — which oversees Coach, Kate Spade and Stuart ...

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.

Capri unit Michael Kors' Rajal Mehta will become the interim CFO of the parent firm, the company said.

(Reuters) - Capri Holdings may have to let go of its image as a luxury fashion house and bank on mid-tier pricing as well as a partnership with Amazon.com for its Michael Kors brand following its ...

The F.T.C. had sued to halt the merger of Tapestry, the parent of Coach and Kate Spade, and Capri, the owner of Versace and Michael Kors. By Lauren Hirsch and Jordyn Holman A federal judge moved ...

Capri sells Versace to Prada for $1.375 billion. Analyst cuts price target, sees limited Michael Kors upside. Memorial Day Special: Access your full investing command center with trade ideas ...

Fashion executive John Idol owned up to some big mistakes Wednesday: In trying to revive sales for Michael Kors and Versace, his company tanked them instead. Steep price increases and other ...