Michael Kors bought Versace for $2.2 billion in 2018 and named the group Capri, in a bid to take on larger European rivals such as Louis Vuitton-owner LVMH and Kering and widen its customer base. It ...

Since Capri Holdings put Versace on the market in December, the questions have been all about what happens to the always flashy yet beleaguered Italian luxury mainstay. Who buys the brand? Will ...

In a press release, the company stated that the sale allows Capri "to make accelerated strategic investments in Michael Kors." Prada’s acquisition of the Medusa-emblazoned fashion house marks the ...

Capri Holdings plans to sell Versace to Prada for $1.375 billion in cash, aiming to boost its balance sheet and reinvest in Michael Kors.

The Italian fashion house was purchased for €1.25 bn from Capri, which is restructuring after a failed merger with Tapestry.

Capri is led by Michael Kors (68% of fiscal 2024 sales), a major brand in the attractive midtier handbag market. However, we believe it lacks the brand strength to provide an economic moat for ...

Capri unit Michael Kors' Rajal Mehta will become the interim CFO of the parent firm, the company said.

Following the Versace sale to Prada, Capri Holdings reaffirms its commitment to strategic investments in Michael Kors and ...

Capri Holdings, which also owns Jimmy Choo and Michael Kors, says that it will use the cash from the deal to invest in its other brands.

In this episode of "From the Newsroom," WWD editors explore the impetus behind the deal as well as its implications.

Meanwhile, in a rare move for a luxury brand and a signal that Capri is putting less emphasis on an upscale image for Michael Kors, Capri in March launched its first official Amazon storefront for ...