Capri, 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.
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 ...
(Reuters) - Capri Holdings forecast annual revenue below estimates on Wednesday, as the Michael Kors owner grappled with ...
Capri Holdings faces challenges with potential exits of Versace and Jimmy Choo, impacting its luxury conglomerate ambitions.
Capri Holdings Ltd (CPRI) faces a challenging quarter with a 12% revenue drop, while focusing on strategic pricing and brand repositioning to drive future growth.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range ...
Capri Holdings Ltd. engages in the design and ... It operates through the following segments: Versace, Jimmy Choo and Michael Kors. The Versace segment sells Versace luxury ready-to-wear ...
Problems at Versace, Michael Kors and Jimmy Choo led to a company-wide revenue decline of more than 11% in the third quarter ...
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