Michael Kors, Versace owner Capri says revenue fell almost 10% in Q1
By Fibre2Fashion Published Aug 13, 2023 Capri Holdings, the parent company of major brands Versace, Jimmy Choo, and Michael Kors, has reported total revenue of $1.23 billion in the first quarter of fiscal 2024, a 9.6% fall year on year. In constant currency, total revenue decreased by 9.3%. The company didn't explain the fall but said the figures were slightly ahead of expectations.