Capri NYSE: CPRI executives said the company is entering a more focused phase after the sale of Versace, with management emphasizing growth plans for Michael Kors and Jimmy Choo, store renovations, tighter product assortments and a stronger balance sheet.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Shares of Capri Holdings Ltd. NYSE: CPRI have lost 65% of their value over the past five years, weighed down by a failed merger, weakening luxury demand, and declining sales across its brands.
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | John D. Idol CEO | XSTU Exchange | VGG1890L1076 ISIN |
| GB Country | 14,650 Employees | - Last Dividend | - Last Split | 15 Dec 2011 IPO Date |
Capri Holdings Limited, a distinguished player in the global fashion industry, specializes in designing, marketing, distributing, and retailing premium branded women's and men's apparel, footwear, and accessories. The company boasts a portfolio of three prominent segments: Versace, Jimmy Choo, and Michael Kors, each offering unique styles and luxury fashion items. Founded in 1981, Capri Holdings has expanded its reach beyond its initial offerings, providing a wide range of products across the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. Originally known as Michael Kors Holdings Limited, the company underwent a rebranding to Capri Holdings Limited in December 2018, reflecting its broader ambition and diversified luxury brands portfolio. With its headquarters located in London, the United Kingdom, Capri Holdings continues to influence the global fashion scene through its innovative designs and exceptional retail experiences.
The portfolio of Capri Holdings Limited encompasses an extensive array of luxury fashion products and services across its three main segments: Versace, Jimmy Choo, and Michael Kors. Each brand caters to distinct fashion needs and preferences, maintaining a unique identity within the broader umbrella of Capri Holdings.
Through a comprehensive distribution network that includes boutiques, department stores, specialty stores, and e-commerce sites, Capri Holdings Limited ensures that its luxurious products are accessible to a global clientele. The company's commitment to quality, innovation, and luxury continues to position it as a leader in the fashion industry.