Capri Holdings

What Capri Holdings does

Capri Holdings Limited (NYSE: CPRI) is a global fashion luxury group headquartered in New York, founded in 1981 as Michael Kors and reincorporated under its current name in 2018 to reflect its multi-brand structure. Following the December 2025 sale of Versace to Prada Group for $1.375 billion, the company now operates two core brands: Michael Kors (American fashion luxury lifestyle, established 1981) and Jimmy Choo (British luxury footwear and accessories, established 1996 and acquired in November 2017). The company designs, manufactures, and distributes products across handbags, footwear, accessories, and ready-to-wear.

The business operates through approximately 908 owned retail stores globally (694 Michael Kors and 214 Jimmy Choo as of Q3 FY2026) distributed across The Americas, EMEA, and Asia, supplemented by wholesale distribution to department stores and specialty retailers. Revenue is generated primarily through direct retail sales and wholesale, with brand licensing as a smaller secondary stream. The wholesale channel carries notable exposure to department store health, with $33.3 million owed by Saks Global as an unsecured creditor in its Chapter 11 filing. The consumer target is the accessible luxury segment, where Michael Kors holds a third-place brand dominance ranking (score 91.5).

Following the October 2024 federal court block of the proposed $8.5 billion Tapestry merger on antitrust grounds, Capri is executing a strategic refocus on its two remaining brands. Initiatives include a three-year renovation of roughly half the retail fleet, full-price selling emphasis, outlet exposure reduction, pricing architecture resets, and new senior leadership (CFO/COO Tyler Reddien from The Body Shop, Michael Kors CMO Corey Moran from Google). FY2026 results showed net income of $138 million versus a $1.1 billion loss in FY2025, and net debt has been reduced from approximately $1.5 billion to $80-343 million following the Versace proceeds. FY2027 revenue is guided at approximately $3.525 billion.

Name

Capri Holdings

Legal name

Capri Holdings Limited

Website

https://capriholdings.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Capri Holdings Limited (NYSE: CPRI) is a global fashion luxury group operating Michael Kors and Jimmy Choo brands through approximately 908 retail stores worldwide plus wholesale channels. It serves accessible luxury consumers with handbags, footwear, accessories, and ready-to-wear following the December 2025 sale of Versace to Prada.

Ownership category

akta.pro rank

Product category

Luxury Fashion Accessories and Footwear

NAICS

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers (458), Clothing and Clothing Accessories Retailers (458110), Jewelry Retailers (458310)

SIC

Retail-Apparel & Accessory Stores (5600)

akta.pro primary industry

Luxury Retail & Clienteling (Boutiques/Omnichannel) (CRAKAFAM)

akta.pro secondary industries

Luxury & Designer Apparel Retail (CRAAABAI), Luxury Accessories Retail (Leather Goods, Sunglasses, SLG) (CRAKAGAE), Luxury Leather Goods & Handbags (CRAKAFAB)

Keywords

• Luxury fashion group
• Designer accessories
• Luxury footwear
• Luxury handbags
• Fashion retail

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Retail Sales: Direct retail sales through owned stores for Michael Kors and Jimmy Choo brands. The company operates 908 total retail stores globally (694 Michael Kors and 214 Jimmy Choo as of Q3 FY2026).
2. Wholesale Distribution: Wholesale distribution to department stores and specialty retailers including Saks Global (owed $33.3 million as unsecured creditor in Saks bankruptcy).
3. Licensing and Brand Royalties: Brand licensing and royalty arrangements from the Versace brand prior to its sale to Prada in December 2025.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Capri Holdings is a global fashion luxury group that designs, manufactures, and distributes luxury fashion products under its Michael Kors and Jimmy Choo brands. Its portfolio spans handbags, footwear, accessories, ready-to-wear apparel, watches, and eyewear sold through 908 owned retail stores worldwide and through wholesale channels including major department stores. Following the December 2025 sale of Versace to Prada for $1.375 billion, the company focuses on its two remaining iconic brands.

Product overview

Capri Holdings is a global fashion luxury group consisting of two iconic brands: Michael Kors and Jimmy Choo. The company operates as a multi-brand luxury fashion conglomerate, with Michael Kors serving as the flagship brand (American fashion luxury lifestyle house established in 1981) and Jimmy Choo as a complementary global luxury house (British luxury brand founded in 1996). The company designs, manufactures, and distributes fashion luxury products including apparel, accessories, and footwear across the full spectrum of fashion luxury categories. Versace, which was previously part of the portfolio, was sold to Prada Group in December 2025.

Differentiator

Problem solved

Functional benefit

Brands

• Michael Kors: World-renowned American fashion luxury lifestyle house known for defining modern glamour through the lens of American sportswear and the joy of travel. Established in New York City in 1981.
• Jimmy Choo

Products and services

• Michael Kors

Quantifiable outcome

• Full-year FY2026 profitability of $138 million versus $1.1 billion loss in FY2025
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Jimmy Choo LeadershipcoreOthers · 10 March 2026Jimmy Choo appointed Andy Holmes as Senior Vice President, CFO and Operations, succeeding Richard Kozlowski who retired March 2026. Holmes brings over two decades of senior financial leadership experience from luxury brands including Dunhill, Marks & Spencer, and Burberry.
• National Fish and Wildlife FoundationcoreStrategic or Co-development Partner · 1 January 2025Capri Holdings announced a 3-year partnership with the National Fish and Wildlife Foundation to accelerate the adoption of regenerative agriculture practices in the United States. This reflects the company's ESG and sustainability initiatives.

Scale indicators11 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Coach (Tapestry): Coach is Tapestry's flagship accessible-luxury handbag and lifestyle brand and the most direct head-to-head competitor to Michael Kors in U.S. department stores and DTC retail, with similar price points and customer demographics.
• Hugo Boss: Hugo Boss operates a portfolio of luxury and premium lifestyle brands in apparel, footwear, and accessories with global DTC retail and wholesale — a close peer in size and channel mix to Capri's two-brand structure.
• Ralph Lauren: Ralph Lauren is a global lifestyle luxury house spanning apparel, accessories, and footwear with a comparable accessible-to-premium price architecture and similar DTC plus wholesale distribution model.
• Salvatore Ferragamo: Salvatore Ferragamo is an Italian luxury house anchored in footwear and leather goods — directly comparable to Jimmy Choo's product mix and accessible-luxury-to-premium positioning with similar wholesale and DTC channels.
• Burberry: Burberry is a British luxury house (founded 1856) selling ready-to-wear, leather goods, and accessories at premium price points — directly comparable to Jimmy Choo's heritage positioning and overlapping aspirational customer base.
• Tapestry: Tapestry is the closest direct peer: a multi-brand accessible-luxury house (Coach, Kate Spade, Stuart Weitzman) that was the proposed acquirer of Capri in the blocked $8.5B deal, competing in the same U.S. accessible-luxury handbag market.

Emerging players

• Tory Burch: Tory Burch is a privately held American accessible-luxury lifestyle brand with strong handbag and footwear business — a meaningful direct competitor to Michael Kors in department stores and the U.S. accessible-luxury handbag market.

Broad incumbents

• Kering: Kering is a global luxury group housing Gucci, Saint Laurent, Bottega Veneta, and Balenciaga — overlapping directly with Michael Kors and Jimmy Choo in handbags, footwear, and ready-to-wear at premium price tiers.
• LVMH Moët Hennessy Louis Vuitton: LVMH is the dominant global luxury conglomerate whose fashion & leather goods division (Louis Vuitton, Dior, Loewe, Celine, Fendi) competes broadly with Michael Kors and Jimmy Choo in handbags and accessories at higher price points.
• Prada Group: Prada recently acquired Versace from Capri for $1.375B, making it a former sibling-portfolio holder with overlapping Italian-luxury positioning; Prada's broader portfolio (Prada, Miu Miu, Church's) competes in similar handbag and footwear categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capri Holdings