Capri Holdings

Capri Holdings Limited, once known as Michael Kors Holdings Limited, is a global fashion powerhouse that oversees some of the most recognizable names in luxury retail. Founded in 1981 by American designer Michael Kors, the company has grown from a single label into a multi-brand conglomerate with a footprint spanning more than 550 stores and over 1,500 in-store boutiques worldwide as of 2015. Its portfolio has included the eponymous Michael Kors label, the British shoe and accessory house Jimmy Choo, and, until recently, the iconic Italian fashion house Versace.

The company's journey has been marked by bold moves and high-stakes deals. In 2023, Tapestry Inc., the owner of Coach and Kate Spade, offered $8.5 billion to acquire Capri, a merger that would have created one of the largest luxury groups in the world. However, the deal fell through in 2024 when a federal judge blocked it over antitrust concerns, leaving Capri to chart its own course. Then, in 2025, Capri sold Versace to Prada, streamlining its brand lineup to focus on Michael Kors and Jimmy Choo. With its executive offices in London and operational hub in New York, Capri continues to navigate the ever-shifting landscape of high fashion, balancing heritage with innovation.

Financially, Capri trades on the NYSE under CPRI. Recent quarters have been tough: for the first quarter of fiscal 2027 (ended August 2026), revenue slipped to about $769 million, and inventory delays from port congestion in Asia forced a 20% cut in stock levels to $624 million. The company responded by closing 41 stores and lowering its full-year revenue outlook, yet it still managed to post net income growth in that quarter. Analysts remain cautious, watching whether the turnaround can hold up against persistent headwinds. [edit]