Capri Holdings news and archive

Jimmy Choo isn’t losing its market appeal, as Capri Holdings considers further growth

The fairytale is over, but the shoe remains with Capri Holdings this time. The ownership of Jimmy Choo stays in the US, at least for now. The label didn’t seem to fit within the ambitions of Prada Group, which does have an industrial plan in the making for Versace. It is a fact that there is speculation that the Jimmy Choo file is still open on...

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Capri reaffirms strategic investments into Michael Kors following Versace sale

Last week, the long-rumoured Prada takeover of Versace was finally confirmed. And, while many began to speculate on what could come from the merging of the two Italian giants, at Versace’s now former owner, US conglomerate Capri Holdings, plans are already seemingly underway for the remnants of its portfolio. Following the announcement of Prada’...

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Prada: Versace relaunch requires long-term mindset

The Prada Group intends to take its time with the relaunch of Versace. During a conference call on April 10, following the announcement of the Prada Group's acquisition of Versace, Andrea Guerra, CEO of the Prada Group, and Lorenzo Bertelli, head of corporate social responsibility for the group, stated that the next steps to fully unlock the...

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It's official: Prada acquires Versace for 1.25 billion euros

Italian fashion group Prada is officially the new owner of Versace. As the fashion world already predicted, Prada Group and Capri Holdings Limited have just announced that Versace has been acquired for 1.25 billion euros. Prada Group will take over 100 percent of Versace’s shares in a transaction financed by 1.5 billion euros of new debt...

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Prada-Versace deal: Rumours of 2.5 billion euro financing with Goldman Sachs

A banking consortium led by US investment bank Goldman Sachs is reportedly ready to provide Prada with a 2.5 billion euro financing line to support the Italian fashion group's acquisition of Versace, the Milan daily MF Fashion reported on Friday. Approximately 1.5 billion euros would be used for the acquisition, while the remaining one billion...

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Capri Holdings CFO resigns, Rajal Mehta appointed interim successor

Global luxury fashion group Capri Holdings has announced an executive leadership transition. Thomas J. Edwards, Jr., who serves as executive vice president, chief financial officer (CFO), and chief operating officer (COO), will step down from his role on June 20, 2025, to pursue another opportunity. In response, Capri Holdings, the company...

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Prada edges closer to reported 1.5 billion dollar Versace deal

Milan Fashion Week ends today and with it comes new details surrounding the rumoured deal between Prada Group and Capri Holdings for the acquisition of Italian luxury brand Versace. As reported by Italian newspaper Corriere Economia, the deal is believed to have the backing of Lorenzo Bertelli, son of Prada Group owners, Miuccia Prada and...

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Versace owner Capri Holdings outlines optimistic financial goals for 2025

For 2025, Capri Holdings, owner of Versace, Jimmy Choo, and Michael Kors, projects 4.4 billion dollars in total revenue. The projection breaks down to 3 billion dollars from Michael Kors, 810 million dollars from Versace, and 600 million dollars from Jimmy Choo. In preparation for its New York City investor day, the company released optimistic...

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Capri Holdings promotes Philippa Newman to chief brand and product officer

Capri Holdings, the global fashion luxury group, has announced the immediate promotion of Philippa Newman to chief brand and product officer. This expanded role gives Newman oversight of all product and marketing functions. She will continue to report to John D. Idol, chairman and CEO of Capri Holdings and Michael Kors. Newman brings over 16...

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Capri Holdings Reports Quarterly Loss of $547 Million

As expected, the US fashion group Capri Holdings Limited suffered significant revenue losses in the third quarter of fiscal year 2024/25. Negative one-off effects also resulted in a net loss of more than half a billion US dollars, according to an interim report published by the parent company of the Michael Kors, Versace, and Jimmy Choo brands...

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Gucci's former CEO Bizzarri reportedly eyes Versace

The fashion and financial worlds are on edge over rumours of a possible sale of Versace by Capri Holdings. One of the potential buyers is Marco Bizzarri, former CEO of Gucci, who recently launched his new investment company, Nessifashion. • Are Versace and Jimmy Choo up for sale? Versace, a highly sought-after fashion house According to sources...

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Prada reportedly eyeing Versace takeover

Speculation surrounding Versace’s sale is continuing to mount. It is now believed that Italian luxury giant Prada is eyeing a takeover of the brand. This is according to a report by Italian newspaper Il Sole 24 Ore, which said Prada is looking into the deal with banking firm Citi. The media outlet suggested that the Miu Miu parent was among a...