Capri Holdings forecast revenue for the year as well as fiscal 2026 below Wall Street estimates on Wednesday, as the Michael ...

Owner Capri says its quarterly revenue fell nearly 12% after sharp price increases and other missteps.

Capri Holdings said its Michael Kors and Versace brands hiked prices too high and made other missteps that contributed to a ...

Michael Kors has closed its downtown Montreal flagship on Ste-Catherine Street, ending its presence at the prominent retail ...

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 revenue for this financial year and 2026 below Wall Street estimates on Wednesday, as the Michael Kors owner looks to rebuild its business amid slowing luxury ...

Capri Holdings faces challenges with potential exits of Versace and Jimmy Choo, impacting its luxury conglomerate ambitions.

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, which sources say has been looking to sell Versace and Jimmy Choo, continues to log significant declines.

CFO Thomas J. Edwards Jr. reported total company revenue of $1.3 billion, a 12% year-over-year decrease, citing declines across all brands and geographies. Operating margin was 6%, down from 12.1% ...