Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates on Tuesday, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices.
The effects of 40-year-high inflation has shown little, if any, impact on middle- and high-income households who have been spending on designer labels since the return of socializing and will continue to do so undeterred by the economic crisis, Reuters said.
