Capri Holdings
This coverage examines Capri Holdings’ strategy and operations in the UK retail market, offering insights for executives, managers, and brand professionals. Reporting includes store activity, brand performance, leadership changes, marketing campaigns, and the group’s positioning within the luxury fashion and accessories sector. The analysis helps professionals assess Capri Holdings’ growth plans, multi-brand strategy, and competitive approach.
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May- 2025 -30 MayClothing & Shoes
Capri Holdings revenues fall by 15% to $1bn in Q4
Versace owner Capri Holdings saw its revenues fall by 15.4% to $1bn (£742m) in the fourth quarter ended 29 March. It comes as net losses widened to $645m (£478m), up from a net loss of $472m (£350m) the prior year. Gross profit also fell to $631m (£468m) and gross margin…
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Apr- 2025 -9 April
Today’s news in brief-9/4/25
Boots UK reported a 1.6% sales increase in Q2, with comparable retail sales up 5.1% year-on-year across all categories. Pharmacy sales rose 5%, while online sales surged 19.5%, now accounting for over 20% of total retail sales. Parent company Walgreens Boots Alliance saw global Q2 sales grow 4.1% to $38.6bn…
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9 AprilLuxury Goods
Michael Kors UK FY revenues fall 20% amid lower demand
Michael Kors UK has seen a 20% reduction in its revenues during the year ended 30 March 2024, following the impact of low consumer confidence. While the brand’s filings at Companies House showed that its turnover decreased from £77.1m to £70.8m in the 12-month period, its pre-tax profits jumped from…
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Mar- 2025 -24 MarchFeatures
What does the future hold for Versace?
Versace, the Italian luxury brand known for its bold, glamorous aesthetic, has long been synonymous with excess, opulence, and cutting-edge fashion. Founded by Gianni Versace in 1978, the brand quickly rose to prominence in the fashion world, attracting an elite clientele and global recognition. Over the years, the house has…
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4 MarchNews-In-Brief
Today’s news in brief-4/3/25
The Competition and Markets Authority (CMA) is close to approving Topps Tiles’ £9m acquisition of CTD Tiles after both companies offered to divest stores in Aberdeen, Inverness, Edinburgh, and Dorking to address competition concerns. The CMA had initially warned that the merger could reduce market competition, prompting an in-depth investigation.…
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Feb- 2025 -17 FebruaryNews-In-Brief
Today’s news in brief-17/2/25
Marks & Spencer has reinforced its international operations with three senior hires to drive its global growth strategy. Manish Kapoor, formerly of Pepe Jeans, joins as Managing Director for M&S India, while Victoria Jones, ex-Clarks executive, steps into the role of International Commercial Director. Richard Davies, previously Head of Category…
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17 FebruaryPeople Moves
Capri Holdings appoints new chief brand and product officer
Global fashion luxury group Capri Holdings has announced the promotion of Philippa Newman to chief brand and product officer, effective immediately. In this expanded role, Newman will oversee all product and marketing functions. She will continue reporting directly to John D. Idol, chairman and CEO of Capri Holdings and Michael…
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Jun- 2024 -18 JuneLuxury Goods
Michael Kors eyes further price hikes as UK sales nosedive
Michael Kors may resort to further price hikes after seeing the cost of basic materials rise, at the same time as it experienced a dramatic fall in UK sales last year, This is Money has reported. The luxury group’s sales performance, which was down by a tenth in the UK,…
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Aug- 2023 -18 AugustLuxury Goods
Tapestry sales falter amid waning demand in North America
Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman has reported that net sales were down slightly from $6.68bn (£5.25bn) in 2022 to $6.66bn (£5.24bn) for the year ended 1 July. This comes as waning demand among North American consumers led to a 2% revenue decline for the…
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11 AugustLuxury Goods
Tapestry acquires Versace owner for $8.5bn
The owner of Coach, Kate Spade and Stuart Weitzman, Tapestry Inc, has announced its acquisition of Capri Holdings, a global luxury fashion group that consists of Versace, Jimmy Choo and Michael Kors for approximately $8.5bn (£6.6bn). This acquisition brings together six “highly complementary” brands with global reach on Tapestry’s customer…
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