The Latest Breaking News from Michael Kors

‘I was supposed to wear something else’ the actor said this week while talking with Savannah Guthrie

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Police have launched an investigation after 'several bags of goods' were stolen

The program aims to give Michael Kors pieces new life while reducing fashion waste.

Thieving, drugs and anti-social behaviour

Capri Holdings Limited (NYSE: CPRI) reported better-than-expected first-quarter fiscal 2023 results, despite a challenging backdrop. Both the top and the bottom lines improved on a year-over-year basis. The company was encouraged by the performance of all three luxury brands.

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…

Capri Holdings Ltd (NYSE:CPRI) reported fourth-quarter FY22 sales growth of 24.6% to $1.49 billion, beating the consensus of $1.41 billion. Versace revenue increased 34% Y/Y to $315 million, Jimmy Choo revenue rose 25.8% to $156 million, and Michael Kors revenue expanded 21.8% to $1.021 billion. Gross profit rose 29.5% Y/Y to $956 million, and…

Michael Kors owner Capri Holdings Ltd raised its full-year profit forecast on Wednesday, signaling robust demand for its luxury goods as higher-income consumers return to their old shopping routines. Shares of the company, which owns Versace and Jimmy Choo, rose about 6% to $51.51 in premarket trading, Reuters said.

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