Capri’s Coronavirus warning
05/02/2020
The group, whose brands include Versace, Jimmy Choo and Michael Kors, said this figure represented overall growth of 9.2% compared to the same quarter a year earlier, in spite of a fall of 5.1% at Michael Kors.
Chief executive, John Idol, warned that the Coronavirus outbreak in China is likely to have an adverse effect on the group’s full-year results. He said: “The situation in China and the measures being taken to protect the population are having a material impact on our business. We now anticipate annual revenue of approximately $5.6 billion. This estimate could change if the severity of the situation in China worsens.”
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