Capri Holdings

Capri Holdings Limited
FormerlyMichael Kors Holdings Limited
Company typePublic
ISINVGG1890L1076
IndustryFashion
Founded1981; 43 years ago (1981)
FounderMichael Kors
Headquarters
Executive offices: London;[1] Operations offices: New York
Area served
Worldwide
Key people
Products
  • Apparel
  • handbags
  • footwear
  • watches
  • accessories
RevenueDecrease US$5.17 billion (2024)
Decrease US$−241 million (2024)
Decrease US$−229 million (2024)
Total assetsDecrease US$6.69 billion (2024)
Total equityDecrease US$1.60 billion (2024)
Number of employees
15,100 (2024)
Subsidiaries
Websitecapriholdings.com
Footnotes / references
[2]
A Michael Kors retail store in Rehoboth Beach, Delaware

Capri Holdings Limited (formerly Michael Kors Holdings Limited) is a multinational fashion holding company, incorporated in the British Virgin Islands,[3] with executive offices in London[3] and operational offices in New York. It was founded in 1981 by American designer Michael Kors.[4] The company sells clothes, shoes, watches, handbags, and other accessories. In 2015, the company had more than 550 stores and over 1,500 in-store boutiques in various countries.[5][6]

Capri is the parent company of Kors' eponymous brand, as well as Versace and Jimmy Choo. Tapestry, owner of Coach New York and Kate Spade, offered to buy Capri for $8.5 billion in 2023,[7][8] but called off the acquisition after it was blocked by a federal judge the following year.[9]

  1. ^ "Capri Holdings Investor FAQs". Retrieved June 7, 2020.
  2. ^ "FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. May 29, 2024.
  3. ^ a b "Capri Holdings Limited - Overview". www.capriholdings.com.
  4. ^ "Shares of Michael Kors as Hot as Its Wares". The New York Times. February 14, 2012. Retrieved January 4, 2015.
  5. ^ "Michael Kors plans rapid expansion with 45 more North American stores". FierceRetail. Retrieved January 4, 2015.
  6. ^ "Michael Kors Dubai". malloftheemirates.com. Archived from the original on February 13, 2014. Retrieved June 1, 2016.
  7. ^ Fonrouge, Melissa Repko,Gabrielle (August 10, 2023). "Coach owner Tapestry to acquire Michael Kors, Jimmy Choo parent Capri Holdings for $8.5 billion". CNBC. Retrieved August 10, 2023.{{cite web}}: CS1 maint: multiple names: authors list (link)
  8. ^ Venugopal, Aishwarya (August 10, 2023). "Coach owner's Michael Kors deal creates US giant to take on European luxury rivals". Reuters. Retrieved August 10, 2023.
  9. ^ "Tapestry $8.5 Billion Capri Deal Halted by Judge in FTC Win (3)". Bloomberg. October 24, 2023. Retrieved October 24, 2024.