Capri Holdings

Rank#5273

Market Cap1.77B

CountryUnited Kingdom

Summary

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings. The company was formerly known as Michael Kors Holdings Limited and changed its name to Capri Holdings Limited in December 2018. Capri Holdings Limited was founded in 1981 and is headquartered in London, the United Kingdom.

History

Noticing the displays and garments, Bergdorf's fashion director Dawn Mello asked if he would show his collection to Bergdorf Goodman's buyers. In 1981, Kors launched his Michael Kors women's label at Bergdorf Goodman. In 1990, the company launched KORS Michael Kors as a licensee.

In 1993, the company was forced into a Chapter 11 filing, caused by the closure of the licensing partner for KORS Michael Kors. Putting the KORS line on hold, he designed for other labels before relaunching in 1997 with a lower-priced line, and in the same year was named the first women's ready-to-wear designer for French house Celine.In 2002, Kors launched his menswear line. Kors left Celine in October 2003 to concentrate on his own brand via holding company Michael Kors Holdings Limited , relaunched with a majority $100M investment from Canadian fashion investor Lawrence Stroll and his Hong Kong-based partner Silas Chou, who had previously purchased Tommy Hilfiger in 1989. John D. Idol was subsequently appointed CEO of the company, with a shareholding interest. The MICHAEL Michael Kors line was launched in 2004, which included women's handbags and shoes as well as women's ready-to-wear apparel.

In 2011, Stroll and Chou led an initial public offering in MKH Ltd on to the New York Stock Exchange, making them and Michael Kors billionaires. In June 2018, Chou sold the last of his investment in Kors.

Mission

Capri Holdings Limited is devoted to deliver the highest-quality products while respecting the environment, sustainability and accessibility, and continuously pushing the boundaries of innovation to create the extraordinary.

Vision

We strive to be the world’s premier luxury fashion group, creating deeply desirable products and embodying the essence of sophistication, modernity and elegance. We make the customer our first priority, creating fashion experiences that are original and unique.

References

https://en.wikipedia.org/wiki/Capri_Holdings

https://in.investing.com/equities/capri-holdings-ltd-sao

https://finance.yahoo.com/quote/CPRI/profile?p=CPRI

https://www.comparably.com/companies/capri-holdings/mission

https://www.crunchbase.com/organization/michael-kors-holdings

https://sec.report/CIK/0001530721

https://companiesmarketcap.com/

https://www.capriholdings.com

Leadership team

Mr. John D. Idol (Chairman & CEO)

Ms. Krista A. McDonough (Gen. Counsel, Sr. VP & Chief Sustainability Officer)