Capri Holdings Limited (CPRI)
Capri Holdings Limited is a global fashion luxury group known for designing, marketing, and retailing high-end accessories and apparel. The company owns a portfolio of iconic brands including Michael Kors, Jimmy Choo, and Versace, offering a diverse range of luxury products. Founded in 2011 and headquartered in New York City, Capri Holdings focuses on delivering premium products through a combination of wholesale, retail, and e-commerce channels worldwide.
Company News
Giorgio Armani's heirs are considering a potential stake sale or public listing, which could signal broader market appetite for luxury brand transitions and impact investor sentiment in the fashion industry.
Capri Holdings is reportedly close to selling its Versace brand to Italian fashion company Prada for 1.5 billion euros. The deal would return Versace to Italian ownership after it was acquired by Michael Kors in 2018. Capri's stock is soaring on the news.
Law Offices of Howard G. Smith has filed class action lawsuits against Capri Holdings Limited (CPRI), AstraZeneca PLC (AZN), and Transocean Ltd. (RIG) for alleged securities fraud. The lawsuits claim the companies made false or misleading statements about their business operations and prospects.
Capri Holdings Limited, the parent company of luxury brands Versace, Jimmy Choo, and Michael Kors, reported a weaker-than-expected Q3 FY2025 with a decline in revenue and profitability across its key brands. The company faces operational challenges and is focused on improving its digital and omni-channel capabilities to drive future growth.
Capri Holdings reported a 13.2% decline in revenue and a 93.22% drop in EPS compared to the year-ago quarter. The company's performance across its Versace, Jimmy Choo, and Michael Kors brands fell short of analyst estimates.
