The Plan to Revive Michael Kors and Versace Tanked Their Sales Instead
Fashion executive John Idol owned up to some big mistakes Wednesday: In trying to revive sales for Michael Kors and Versace, ...
Missteps Hurt Michael Kors Sales, Capri CEO Says
Capri Holdings said its Michael Kors and Versace brands hiked prices too high and made other missteps that contributed to a near-12% decline in quarterly revenue and a net loss of $547 million. The ...
Michael Kors and Versace Sales Tumble
Luxury-brand owner Capri Holdings said it is re-evaluating its strategy after sales of Michael Kors, Versace and Jimmy Choo tumbled in the latest quarter. The company reported a near-12% decline in ...
Business Insider India6y
Michael Kors is buying Versace in a $2.12 billion deal. Here's the full story of how Versace became so iconic.
Michael Kors has agreed to buy the Italian fashion house Versace in a $2.12 billion deal. As part of the deal, Michael Kors is changing its name to Capri Holdings. The company says it aims to grow ...
Business Insider8d
Capri's CEO says Versace's revenue sank because it made 2 mistakes
The CEO of Versace's parent company says the brand made two mistakes that caused its sales to slip. Capri Holdings, owner of Versace, Jimmy Choo, and Michael Kors, reported a 15% dip in Versace's ...
World Finance6y
Michael Kors buys Versace for $2.1bn
The Versace family has owned the eponymous luxury clothing brand since its inception in 1978, but the company is now set to be incorporated into a new global conglomerate Donatella Versace has run the ...
Reuters9d
Michael Kors-owner Capri's bleak forecast signals slow luxury demand recovery
Sales of Michael Kors ... Versace and Jimmy Choo, we lost a bit of the aspirational consumer, CEO John Idol said on a post-earning call, adding that the company did not have the right kind of ...