Capri continues to struggle after Tapestry lifeline disappears

How Michael Kors owner Capri made a $675 million mistake by waiting in vain for a white knight

Meanwhile, competitors like Coach and Ralph Lauren are rocketing to success.

Capri continues to struggle after Tapestry lifeline disappears

Problems at Versace, Michael Kors and Jimmy Choo led to a company-wide revenue decline of more than 11% in the third quarter of fiscal 2025.

Versace sales fall 15 % due to "strategic mistakes" - RetailDetail EU

Capri Holdings has had to admit a double-digit sales drop in its latest quarter. The parent company of Versace, Jimmy Choo and Michael Kors admitted that poor strategic decisions have impacted its performance. Uncertain future The American fashion group saw its sales fall 11.6 % to 1.26 billion dollars (1.2 billion euros) in the third quarter of its financial year 2024/25. The net loss further increased to 547 million dollars (510 million euros)…

Capri (NYSE:CPRI) Shares Gap Down After Earnings Miss

Capri Holdings Limited (NYSE:CPRI – Get Free Report)’s share price gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $24.03, but opened at $22.44. Capri shares last traded at $21.09, with a volume of 822,867 shares trading hands. The company reported $0.45 earnings per […]

21:57 American fashion group Capri Holdings is in a rut as it has failed to turn around its three failed brands, Michael Kors, Versace and Jimmy Choo.

The parent company of the brands Michael Kors, Versace and Jimmy Choo previews a tax revenue for 2025 of US$4,400 million