Versace
Tapestry acquires Capri in 8.5 billion US dollars deal
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 dollarsCapri Holdings posts loss in the fourth quarter
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 yearCapri Holdings posts revenue decline
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 yearCapri off to a good start
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 brandsCapri aims at an 8 billion USD revenue goal
The group said at an Investor Day that it plans to increase the footwear and accessories sales of Jimmy Choo, Versace and Michael Kors, while also focusing on store growthCapri Holdings supports creation of the Versace Foundation
The company has guaranteed 10 million US dollars for the new foundation. The aim of the initiative is to support equality, wellness and safety for the LGBTQIA+ communityCapri with revenue and earnings increase
The luxury fashion group reported that revenue and earnings for the full year of 2022 exceeded expectations. Total revenue amounted to 5.65 billion US dollarsCapri to donate products to aid refugees of the war in Ukraine
The luxury group has announced that it will donate over 1 million euros in essential clothing from Versace, Jimmy Choo and Michael Kors to aid those displaced by the war in UkraineCapri on growing mode
The fashion luxury group has posted revenue and earnings above expectations in the third quarter of fiscal 2022, raising once again its full year outlookCapri on the way to achieving full LWG certified sourcing
The group has said in its 2021 corporate social responsibility report that 85% of the leather sourced by its brands came from Leather Working Group (LWG) gold and silver-rated tanneriesCapri raises full-year outlook
The fashion luxury group has reported revenue of 1.3 billion US dollars in the second quarter of fiscal 2022, driven by strong performances of its brands Michael Kors, Jimmy Choo and Versace- 1