Capri Holdings Limited is a global fashion luxury group which owns a number of iconic brands and is also listed on the New York Stock Exchange. This luxury group’s portfolio consists of industry leaders in design, style and craftsmanship. Capri Holdings Limited is parent company to luxury labels Versace, Jimmy Choo and Michael Kors.
Recently the luxury fashion group announced an almost 14% increase in revenues for Q4 of fiscal year 2019 ending 30 March. According to its latest figures, total revenue of $1.344bn were up 13.9% compared to last year and gross profit was $793m and gross margin was 59%, compared to $710m and 60.2% in the prior year. Income from operations was $40m and operating margin was 3%, compared to $87m and 7.4% in the prior year.
Versace revenue was $137m (Capri Holdings, then Michael Kors Holdings, completed its acquisition of Versace on 31 December 2018) and Jimmy Choo’s revenue of $139m increased 28.7% compared to the prior year. However, Michael Kors’ revenue of $1.068bn decreased 0.4% compared to the prior year.
Versace; Jimmy Choo; Michael Kors