Capri Holdings Limited is a major global luxury fashion group operating three iconic brands: Versace, Jimmy Choo, and Michael Kors, with a broad international market reach.

# Company Overview Summary

## Company Name
Capri Holdings Limited

## Industry
Luxury fashion and accessories

## Core Business
- A global luxury fashion group operating three iconic brands:
  - **Versace:** Known for Italian glamour, bold designs, high-quality fashion and home furnishings.
  - **Jimmy Choo:** Focused on glamorous, fashion-forward women's shoes, accessories, and licensed categories such as fragrances and eyewear.
  - **Michael Kors:** Recognized for timeless American luxury, accessories, ready-to-wear, footwear, and a focus on the jet set lifestyle.

## Revenue & Performance (Fiscal Year Ended March 29, 2025)
- **Total Revenue:** $4.442 billion (decreased 14.1% YoY)
- **Segment Revenue Breakdown:**
  - **Versace:** $821 million (~18% of total)
  - **Jimmy Choo:** $605 million (~14% of total)
  - **Michael Kors:** $3,016 million (~68% of total)

## Customers & Market Reach
- Products sold worldwide across retail and wholesale channels in:
  - **Americas:** U.S., Canada, Latin America
  - **EMEA:** Europe, Middle East, Africa
  - **Asia:** Asia and Oceania
- Distribution channels include:
  - Company-operated retail stores, concessions, outlet stores, and e-commerce sites
  - Wholesale partnerships with department stores and specialty retailers
  - Licensing arrangements for geographic and product rights

## Employees & Workforce
- Total employees as of fiscal year-end:
  - **14,200 employees** (Decreased from 15,100 and 15,500 in previous years)
  - Approximately **9,700 full-time** and **4,500 part-time** employees
- Employee engagement focuses on diversity, inclusion, and development programs, including partnerships with educational institutions

## Retail & Store Network
- **Total retail stores (end of fiscal year 2025):** 1,158 stores
  - **Versace:** 166 stores
  - **Jimmy Choo:** 163 stores
  - **Michael Kors:** 399 stores
- Storage and Distribution:
  - Key distribution centers in Netherlands, Italy, and the U.S.
  - Distribution facilities support global retail and e-commerce operations

## Key Strategies
- Maximize potential of each luxury brand through product innovation and consumer engagement
- Leverage group expertise in accessories and footwear
- Expand Jimmy Choo’s revenue to $800 million and Michael Kors to $4 billion
- Focus on e-commerce and omni-channel retail
- Drive sustainable practices and social responsibility
- Manage licensing and partnership agreements to expand brand reach

## Financial Highlights
- Operating loss of $752 million, down from $241 million profit the previous year
- Gross profit margin around 63.6%
- Significant impairment charges ($671 million during FY2025) related to brands’ goodwill and intangible assets
- Net loss attributable to Capri was approximately **$1.182 billion**
- Market value of voting and non-voting shares held by non-affiliates as of September 27, 2024: **$4.54 billion**

## Summary
Capri Holdings Limited is a major player in luxury fashion, owning and operating three high-profile brands with a global presence. The company has a diverse retail footprint, a significant workforce, and a broad customer base that spans multiple continents. Despite recent revenue declines, its strategic focus remains on brand building, expanding e-commerce, and product innovation in the luxury segment.

Capri Holdings Limited is a global fashion luxury group encompassing Versace, Jimmy Choo, and Michael Kors, known for its glamorous designs and craftsmanship across various luxury categories.

# Capri Holdings Limited Overview

## Company Background
Capri Holdings Limited is a global fashion luxury group that encompasses three iconic, founder-led brands: **Versace**, **Jimmy Choo**, and **Michael Kors**. The company is known for its commitment to glamorous style, exceptional craftsmanship, and innovative product designs across various luxury categories. Capri operates worldwide with a retail presence that includes full-price retail stores, e-commerce platforms, and outlet locations.

## Business Structure
- **Brands**:
  - **Versace**: Founded in 1978, known for Italian glamour and luxury. The brand offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrance, and home furnishings.
  - **Jimmy Choo**: Established in 1996, focuses on women's luxury shoes and accessories, with offerings that include handbags, small leather goods, jewelry, scarves, and belts.
  - **Michael Kors**: Launched over 40 years ago, it caters to a broad audience with luxury accessories, ready-to-wear clothing, and footwear, recognized for its sporty elegance.

## Financial Performance (Fiscal Year Ended March 30, 2024)
- **Total Revenue**: $5.17 billion  
- **Net Income**: Specific net income figures were not provided in the summary, but the revenue streams are significant.
- **Customer Base**: The company serves a diverse global clientele with substantial brand awareness.

## Employee Structure
- **Total Employees**: Approximately 15,100 as of the end of Fiscal 2024.
  - **Full-Time Employees**: About 10,200
  - **Part-Time Employees**: Approximately 4,900
  - **Retail Staff**: Around 11,100 employees engaged in selling and administrative roles.
  
## Retail Presence
- **Total Retail Stores**: 1,239 worldwide (including concessions):
  - **Versace**: 236 retail stores.
  - **Jimmy Choo**: 234 retail stores.
  - **Michael Kors**: 769 retail stores.

## Segment Revenue (Fiscal 2024)
- **Michael Kors**: 68% of total revenue (~$3.52 billion)
- **Versace**: 20% of total revenue (~$1.03 billion)
- **Jimmy Choo**: 12% of total revenue (~$618 million)

## Geographic Distribution
- Revenue is generated across three primary geographic regions: 
  - **Americas**: Largest contributor to revenue.
  - **EMEA**: Significant market share.
  - **Asia**: Growing presence with expanding market opportunities.

## Market Context
- Capri operates within the global personal luxury goods industry, which reached an estimated $390 billion in 2023. Projections suggest growth of 6-7% annually, driven by e-commerce, Chinese consumers, and younger demographics.

Capri Holdings Limited is recognized globally for its luxury offerings, innovative designs, and established market position, supported by an experienced management team and the distinctive creative vision of its designer founders.

Capri Holdings Ltd

10-K / May 28, 2025

10-K / May 29, 2024

10-K / May 28, 2025

Company Overview Summary

Company Name

Industry

Core Business

Revenue & Performance (Fiscal Year Ended March 29, 2025)

Customers & Market Reach

Employees & Workforce

Retail & Store Network

Key Strategies

Financial Highlights

Summary