Capri Holdings Limited
CPRICapri 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
Capri Holdings is showing signs of recovery after a failed merger with Tapestry and the sale of its Versace brand to Prada. The company returned to profitability in Q4 FY2026 with earnings of $0.22 per share and projects 40% EPS growth for FY2027. However, the stock remains down 65% over five years and trades at a significant discount to competit...
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.
Harley-Davidson is exploring strategic alternatives for its financing unit, while Capri Holdings is selling Versace to Prada for $1.375 billion. Several other companies, including Impresoft, Keros Therapeutics, and Rivalry Corp., are also exploring strategic alternatives.
President Trump revealed that Vietnam is interested in negotiations to reduce tariffs, leading to a rally in shares of clothing and footwear retailers that rely heavily on manufacturing in Vietnam.
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.
