Capri Holdings Ltd

Capri Holdings Limited

Overview

• Capri Holdings Limited is a global fashion luxury group consisting of two brands:
  • Michael Kors
  • Jimmy Choo
• Reporting segments:
  • Michael Kors (about 83% of total revenue in Fiscal 2026)
  • Jimmy Choo (about 17% of total revenue in Fiscal 2026)
• The company also records corporate costs that are not allocated to the two brands.
• Industry: global personal luxury goods market, focused on accessories, footwear and apparel.

Fundamental metrics (Fiscal 2026)

• Total revenue: $3,474 million
  • By brand:
    • Michael Kors: $2,874 million
    • Jimmy Choo: $600 million
  • By geography (combined for both brands):
    • The Americas: $2,029 million
    • EMEA: $1,003 million
    • Asia: $442 million
• Revenue mix by product category:
  • Accessories: $1,936 million (55.8%)
  • Footwear: $853 million (24.6%)
  • Apparel: $446 million (12.8%)
  • Other (licensed products such as watches, jewelry, eyewear, fragrance): $239 million (6.8%)
• Advertising and marketing expense: approximately $285 million globally in Fiscal 2026

Employees

• Total employees at end of Fiscal 2026: about 11,200
• End of Fiscal 2025: about 14,200
• End of Fiscal 2024: about 15,100
• As of March 28, 2026: about 7,100 full-time and 4,100 part-time
• Approximately 1,900 employees are covered by collective bargaining agreements in certain European countries
• The 2025 and 2024 employee counts include employees related to the Versace business

Stores and distribution (as of March 28, 2026)

• Michael Kors operates 673 stores (including concessions) worldwide
• Jimmy Choo operates 211 stores (including concessions) worldwide
• Total leased retail stores worldwide (including concessions): 884
• Major distribution and operational facilities:
  • Whittier, California – Michael Kors U.S. Distribution Center (approximately 1,179,000 sq ft)
  • Venlo, Netherlands – Michael Kors and Jimmy Choo European Distribution Center (approximately 1,067,000 sq ft)
  • New York, New York – Michael Kors and Jimmy Choo U.S. Corporate Offices (approximately 199,000 sq ft)
  • Montreal, Canada – Michael Kors and Jimmy Choo Canada Corporate Offices and Distribution Center (approximately 150,000 sq ft)
  • Arezzo, Italy – Sicla Luxury Shoe Factory (90,000 sq ft)
  • Florence, Italy – Jimmy Choo Product Development Facility (54,000 sq ft)
  • Pistoia, Italy – Capri Luxury Shoe Factory (41,000 sq ft)
  • Shanghai, China – Michael Kors and Jimmy Choo Regional Corporate Offices (approximately 35,000 sq ft)
  • East Rutherford, New Jersey – Michael Kors U.S. Corporate Offices (approximately 31,000 sq ft)
  • Milan, Italy – Michael Kors Regional Corporate Offices and Showroom (approximately 25,000 sq ft)
  • London, England – Jimmy Choo Corporate Offices (approximately 24,000 sq ft)
  • London, England – Capri Corporate Headquarters and Michael Kors Regional Corporate Offices (approximately 19,000 sq ft)
  • Manno, Switzerland – Michael Kors European Corporate Offices (approximately 18,000 sq ft)

Manufacturing and sourcing

• Production and sourcing are primarily managed through foreign manufacturing contractors and third-party sourcing agents.
• Capri owns two luxury footwear manufacturing facilities in Italy to support its brands, and references Florence and Pistoia facilities for development and production.
• Most Michael Kors products are produced in Asia by long-standing manufacturing contractors; one major contractor accounted for about 14% of Michael Kors finished goods in Fiscal 2026.
• Jimmy Choo products are manufactured by owned Italian ateliers and European contractors, with some production in Asia.

Licensing and partnerships

• Michael Kors and Jimmy Choo extend product categories and distribution through licenses and joint ventures:
  • Michael Kors watches and jewelry licensed to Fossil
  • Michael Kors eyewear licensed to Luxottica
  • Michael Kors fragrance licensed to EuroItalia
  • Jimmy Choo fragrances licensed to Interparfums SA
  • Jimmy Choo eyewear licensed to EssilorLuxottica
• Licensing and joint ventures cover geographic rights and distribution for various product categories.

E-commerce and omnichannel

• E-commerce represents about 21% of net revenues and has been a fast-growing channel.
• The company integrates store, online and wholesale experiences to support omnichannel retail.
• Platform upgrades and a re-platforming of e-commerce sites were undertaken to expand global capabilities.

Intellectual property

• Owns the MICHAEL KORS and JIMMY CHOO trademarks and related copyrights, designs, and patents, and actively protects against counterfeits globally.

Information systems

• Uses ERP and cloud-based systems with data analytics, and is conducting consolidation and advanced analytics initiatives.
• Maintains a Security Operations Center and a cyber/privacy risk management program.

Business model

• Owns and operates two luxury fashion brands with global flagship retail stores, concessions, outlets, direct-to-consumer e-commerce platforms, wholesale channels and licensing arrangements.
• Develops, markets and sells luxury products across:
  • Accessories (handbags and small leather goods)
  • Footwear
  • Apparel
  • Licensed categories (watches, jewelry, eyewear, fragrance)
• Manages a global supply chain with a mix of owned production facilities in Italy and contracted suppliers, and a diversified supplier base.
• Pursues growth through brand-building, product and collection strategy, improved consumer experiences across physical and digital channels, and selective international expansion.
• Invests in marketing, CRM, data analytics and omnichannel capabilities to deepen consumer engagement and grow sales across regions and channels.