The CEO of Versace's parent company says the brand made two mistakes that caused its sales to slip. Capri Holdings, owner of Versace, Jimmy Choo, and Michael Kors, reported a 15% dip in Versace's ...
CEOs don't often admit when they are wrong. But Capri chief John Idol owned up to mistakes at Versace and Michael Kors that were meant to revitalize the brands but instead resulted in big sales ...
Capri Holdings, owner of the Versace, Jimmy Choo and Michael Kors brands, has reported total revenue of $1.26bn in the third quarter (Q3) of the fiscal year 2025 (FY25) - 11.6% down from $1.42bn ...
John Idol explained that competitive dynamics remain unchanged, with consumers becoming more price-sensitive, particularly at Michael Kors. CFO Edwards highlighted expectations for modest gross ...