Capri Holdings Ltd has revealed its progress towards key Corporate Social Responsibility targets relating to environmental sustainability and climate change, human rights, diversity and inclusion, and philanthropy.
The strong results that Versace, Jimmy Choo and Michael Kors' owner reported this week were driven by consumers buying into the brands’ glamour positioning and their Signature branding, plus the athleisure offer at Kors.
Capri Holdings announced on Thursday that Versace has extended its license agreement with EuroItalia, the Italy-based global fragrance and cosmetics company, as well as entered into a new agreement with Michael Kors.
The pandemic may be a long way from being over, but they are parading down the catwalks in New York this week. Uber sunny in mood and attitude, designers appear to be longing for a return to a new normalcy.
Capri Holdings had big news on Tuesday as it announced a new CEO — Joshua Schulman — for Michael Kors. But more importantly, he'll take over as group CEO from John D Idol next year. Idol will become executive chairman.
Michael Kors parent Capri Holdings raised its fiscal 2022 forecast for profit and revenue on Tuesday, betting on a surge in demand for luxury products as consumers emerging from lockdowns look to upgrade their wardrobes.