Capri Holdings, the parent company of renowned fashion brands such as Michael Kors and Versace, is set to make a strategic shift in its business approach. Following the sale of Versace to Prada, Capri Holdings is now focusing on revitalizing Michael Kors by targeting mid-tier pricing and embracing e-commerce through a partnership with Amazon. This […]
Versace Parent Capri Says Turnaround to Take a Year
Versace Parent Capri Says Turnaround to Take a Year Capri Holdings, the parent company of renowned fashion houses Michael Kors, Versace, and Jimmy Choo, has recently announced that it anticipates a year-long turnaround to restore its financial standing. Despite the high expectations surrounding the luxury brands under its umbrella, Capri Holdings foresees fiscal 2025 revenue […]
Michael Kors Highlights Handbag Market Diversity in FTC Hearing
In a pivotal moment for the fashion industry, Michael Kors recently shared insights into the dynamic landscape of the handbag market during a Federal Trade Commission (FTC) hearing. This event unfolded as the FTC examined Tapestry Inc.’s proposed $8.5 billion acquisition of Capri Holdings, the parent company of his brand, Michael Kors, along with Versace […]