NYSE:CPRILuxury
Capri Holdings (CPRI) Unveils Post Versace Plan Focused On Michael Kors And Jimmy Choo
Capri Holdings (NYSE:CPRI) outlined a refreshed focus on Michael Kors and Jimmy Choo at the Bernstein Retail Forum.
The company detailed plans for store updates, targeted marketing, and product development aimed at younger shoppers.
Management is targeting a return to profitability at Jimmy Choo by fiscal 2027 as part of its post Versace strategy.
Capri Holdings comes into this reset after a difficult stretch for the stock, with shares at $16.51 and down 21.6% over the past month and 32.3%...