World Footwear

Capri

Tapestry said to be close to selling Stuart Weitzman

Sep 11, 2024 / United States
As it defends its 8.5 billion USD acquisition of Capri Holdings in court, several sources have come forward to say that Tapestry is close to selling the luxury shoe brand Stuart Weitzman

Disappointing first quarter for Capri Holdings

Aug 26, 2024 / United States
Ahead of its acquisition by Tapestry, the US-based luxury company has reported a weak first quarter, blaming it on a slowing global demand for luxury fashion goods

Capri results disappoint in the fourth quarter

Jun 3, 2024 / United States
As its ongoing acquisition by Tapestry awaits legal resolution after being blocked by a US regulator, the luxury fashion group reports a disappointing fourth quarter due to weak global demand

US regulator moves to block Tapestry’s acquisition of Capri

Apr 25, 2024 / United States
The Federal Trade Commission (FCT) has filed a lawsuit to block the merger of luxury fashion conglomerates Tapestry and Capri Holdings, arguing that it would lead to higher prices for US consumers

Luxury hit the brakes in 2023

Premium ContentApr 16, 2024 / World
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand

Capri Holdings acquires the Italian shoemaker Sicla

Apr 10, 2024 / United States
The US-based conglomerate has signed an agreement to buy Sicla, the Tuscan shoemaker known for producing some of its Jimmy Choo’s collections. The move is designed to strengthen Capri’s manufacturing capabilities

Capri posts results below expectations

Nov 20, 2023 / United States
The owner of Versace, Michael Kors and Jimmy Choo posted an 8.6% fall in revenue in the second quarter of fiscal 2024, as compared to the same period of last year, will all brands underperforming

Tapestry acquires Capri in 8.5 billion US dollars deal

Aug 10, 2023 / United States
The two houses announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction the total enterprise value will be of approximately 8.5 billion US dollars

Capri Holdings partners up with the National Fish and Wildlife Foundation

Jun 13, 2023 / United States
The luxury fashion group has entered a three-year partnership with the National Fish and Wildlife Foundation (NFWF) to accelerate the adoption of regenerative agriculture practices in the US

Capri Holdings posts loss in the fourth quarter

Jun 2, 2023 / United States
The owner of Versace, Michael Kors and Jimmy Choo posted a 10.5% decline in revenue and a 34 million USD net loss in the last quarter of fiscal 2023, as compared to the same period last year

Capri Holdings appoints Mahesh Madhavan to the Board of Directors

Apr 5, 2023 / United States
The owner of Versace, Michael Kors and Jimmy Choo has appointed the Chief Executive Officer (CEO) of Bacardi to its Board of Directors, effective from the past 30th of March

Capri Holdings posts revenue decline

Feb 12, 2023 / United Kingdom
The fashion group, which owns Versace, Michael Kors and Jimmy Choo, posted a revenue decline of 6.0% in the third quarter of fiscal 2023, as compared to the same period of last fiscal year

Cedric Wilmotte appointed CEO of Michael Kors

Jan 24, 2023 / United Kingdom
Capri Holdings has announced that Cedric Wilmotte, currently Versace's Chief Operating Officer, will assume the role of Chief Executive Office of Michael Kors, effective 3rd of April

Capri Holdings announces second quarter results

Nov 11, 2022 / United Kingdom
The fashion group, owner of Versace, Michael Kors and Jimmy Choo, reported revenue growth of 8.6% in the second quarter of fiscal 2023, driven by good performances of its three houses

Capri off to a good start

Aug 17, 2022 / United Kingdom
The fashion luxury group, owner of Versace, Jimmy Choo and Michael Kors, reported a 1.36 billion US dollars revenue in the first quarter of fiscal 2023, driven by strong momentum across its brands
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