Jimmy Choo news and archive

Versace owner Capri Holdings outlines optimistic financial goals for 2025

For 2025, Capri Holdings, owner of Versace, Jimmy Choo, and Michael Kors, projects 4.4 billion dollars in total revenue. The projection breaks down to 3 billion dollars from Michael Kors, 810 million dollars from Versace, and 600 million dollars from Jimmy Choo. In preparation for its New York City investor day, the company released optimistic...

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Capri Holdings Reports Quarterly Loss of $547 Million

As expected, the US fashion group Capri Holdings Limited suffered significant revenue losses in the third quarter of fiscal year 2024/25. Negative one-off effects also resulted in a net loss of more than half a billion US dollars, according to an interim report published by the parent company of the Michael Kors, Versace, and Jimmy Choo brands...

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Capri Holdings regains confidence and investors: The promising 7.9 percent rise on the stock market

Wall Street often seems dominated by cold, hard financial metrics: profit margins, revenue growth, price-to-earnings ratios, and other indicators. But those numbers don’t tell the whole story, Evan Clark says in his analysis for WWD. Investor sentiment plays an equally powerful role in stock market performance. For Capri Holdings, the parent...

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Are Versace and Jimmy Choo up for sale?

Just weeks after a proposed merger between fashion giants Tapestry and Capri Holdings was upended, it appears the latter could be doing some spring cleaning among its portfolio. Speculation has begun circulating that Capri has put both Versace and Jimmy Choo up for sale, which would leave the luxury group with just Michael Kors under its...

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Capri Holdings and Tapestry terminate merger deal

Capri Holdings Limited and Tapestry Inc. have reached an agreement to terminate their merger arrangement, Capri announced in a press release. The news comes after a judge blocked the multi-billion dollar deal. Capri and Tapestry have said they are finally pulling the plug on their multi-billion dollar deal "in the best interest of both...

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Versace parent Capri Holdings records drop in revenue and profit

Capri Holdings Limited reported a revenue decrease of 16.4 percent on a reported basis and 16.4 percent in constant currency to 1.08 billion dollars. The company’s retail sales declined high-single-digits with trends being impacted by softening demand globally for fashion luxury goods. In wholesale, revenue decreased double-digits driven by...

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Tapestry x Capri merger blocked: What does this mean for the ‘accessible’ fashion market?

On Thursday, October 24, a US judge opted to block Tapestry’s attempt to buy competitor Capri Holdings, with “loss of head-to-head competition” cited as the reasoning. The case, first brought forward in a lawsuit by the Federal Trade Commission (FTC), became high profile due to its involvement of notable executives and the fact that the merger...

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Capri Holdings sees ‘disappointing’ drop in Q1 revenue, slides into red

“We were disappointed with our first quarter results as performance continued to be impacted by softening demand globally for fashion luxury goods,” John Idol, Capri Holding’s chairman and chief executive officer, began in a statement to the press as the company slid into the red. Indeed, the luxury group continued to tackle dampening demand...

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Softening demand for luxury fashion impacts Capri Holdings' Q4

Versace parent Capri Holdings Limited reported fourth quarter revenue of 1.223 billion dollars, down 8.4 percent compared to last year. On a constant currency basis, total revenue decreased 7.9 percent. The company said in a statement that total retail sales declined in the mid-single-digits with trends impacted by softening demand globally for...

Fashion

Jimmy Choo to launch golf collection

Luxury footwear brand Jimmy Choo has confirmed it's collaborating with LA-based Malbon Golf, founded by Stephen and Erica Malbon. In a short statement, Jimmy Choo said the collection would combine the brand’s glamour with Malbon’s disruptive take on the world of golf to “elevate golf essentials with a layer of sophistication”. The sport-inspired...

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Soft luxury demand impacts Capri Holdings Q3

Capri Holdings’ third quarter revenue of 1.43 billion dollars decreased 5.6 percent compared to last year. On a constant currency basis, total revenue decreased 6.6 percent. The company said in a statement that retail sales declined in the mid-single-digits with trends being impacted by softening luxury consumer demand primarily in the Americas...

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Capri Holdings reports decline in second quarter revenue

Capri Holdings Limited, a US luxury fashion group that owns the Michael Kors, Versace and Jimmy Choo brands, fell short of its own expectations in the second quarter of the current financial year, ended 30 September. Total sales came in at 1.29 billion US dollars, falling by 8.6 percent compared to the previous year. On a constant currency...