Capri Holdings, the parent group of Versace, Michael Kors and Jimmy Choo, has announced revenues of $451 million for the first quarter of its current fiscal year, the three months to June 27. This represents a fall of 66.5% compared to the same period a year earlier, reports Leatherbiz.
Versace’s revenues declined by 55.1% to $93 million. At Jimmy Choo the fall was 67.7%, reaching $51 million, and at Michael Kors it was 68.7% to reach $307 million.
On announcing the results, Capri chief executive, John Idol, said: “Capri Holdings has a portfolio of three iconic, founder-led fashion luxury brands that have enduring value and a long history of successfully navigating challenging periods. We remain confident in the long-term opportunities for each of our unique global luxury houses.”