Not much nine-month cheer for Capri Holdings
Accessories and footwear group Capri Holdings, the parent company of Michael Kors, Versace and Jimmy Choo, has reported revenues of $3.4 billion for the first nine months of its current financial year, the period ending December 28, 2024.
Compared to the same period a year earlier, this figure represents a decline in revenues of 13.7% for the group.
Each of its brands registered a fall in revenues. At Michael Kors, there was a decrease of 14%, with the figure for the nine-month period coming in at just over $2.3 billion. The figure for Versace was $613 million, down by 20% year on year. Jimmy Choo’s revenues were down less sharply, falling by 1.9% to $472 million.
In Europe, Jimmy Choo’s revenues were up, rising by 7.7% to reach $224 million over the nine months.
Image: Jimmy Choo.
