News

Capri Holdings reports decline, brands struggle

12/08/2024

Footwear and fashion group Capri, the owner of Versace, Jimmy Choo and Michael Kors has reported a 13.2% decline in revenue for the first quarter of Fiscal 2025, ending June 29, 2024, with total revenue at $1.07 billion. The decline was driven by a global decrease in demand for luxury fashion goods. The company posted a net loss of $14 million,...

To continue reading this story, please sign in or register.