Capri Holdings Limited, through its subsidiaries, designs, markets, distributes, and retails branded women’s and men’s accessories, apparel and footwear bearing the Versace, Jimmy Choo and Michael Kors tradenames and related trademarks and logos.
The company is a global fashion luxury group consisting of iconic brands Versace, Jimmy Choo and Michael Kors. The company’s commitment to glamorous style and craftsmanship is at the heart of each of its luxury brands. The company has built its reputat...
Capri Holdings Limited, through its subsidiaries, designs, markets, distributes, and retails branded women’s and men’s accessories, apparel and footwear bearing the Versace, Jimmy Choo and Michael Kors tradenames and related trademarks and logos.
The company is a global fashion luxury group consisting of iconic brands Versace, Jimmy Choo and Michael Kors. The company’s commitment to glamorous style and craftsmanship is at the heart of each of its luxury brands. The company has built its reputation on designing exceptional, innovative products that cover the full spectrum of fashion luxury categories. The company’s strength lies in the unique DNA and heritage of each of its brands, the diversity and passion of its people and its dedication to the clients and communities the company serves.
Brands
Versace
The company’s Versace brand has long been recognized as one of the world’s leading fashion design houses and is synonymous with Italian glamour and style. Versace is known for its iconic and unmistakable style and unparalleled craftsmanship. Over the past several decades, the House of Versace has grown globally from its roots in haute couture, expanding into the design, manufacturing, distribution and retailing of ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrance and home furnishings. Versace distributes its products through a worldwide distribution network, which includes boutiques in some of the world’s most fashionable cities, its e-commerce sites, as well as through the most prestigious department and specialty stores worldwide.
Jimmy Choo
The company’s Jimmy Choo brand offers a distinctive, glamorous and fashion-forward product range, whose core product offering is women’s luxury shoes, complemented by accessories, including handbags, small leather goods, jewelry, scarves and belts, as well as men’s luxury shoes and accessories. In addition, certain categories, including fragrance and eyewear, are produced under licensing agreements. Jimmy Choo products are unique, instinctively seductive and chic. The brand offers classic and timeless luxury products, alongside innovative collections that are intended to set and lead fashion trends. Jimmy Choo is represented through its global store network, its e-commerce sites, as well as through the most prestigious department and specialty stores worldwide.
Michael Kors
The company’s Michael Kors brand was launched over 40 years ago by Michael Kors, a world-renowned designer, whose vision has taken the company from its beginnings as an American luxury sportswear house to a global accessories, ready-to-wear and footwear company with a global distribution network that has presence in over 100 countries through company-operated retail stores and e-commerce sites, leading department stores, specialty stores and select licensing partners. Michael Kors is a highly recognized luxury fashion brand in the Americas and Europe with growing brand awareness in other international markets. Michael Kors features distinctive designs, materials and craftsmanship that embraces the allure of the jet set lifestyle. Michael Kors offers three primary collections: the Michael Kors Collection line, the MICHAEL Michael Kors line and the Michael Kors Mens line. Michael Kors Collection establishes the aesthetic authority of the entire brand and is carried by select retail stores, the company’s e-commerce sites, as well as in the finest luxury department stores in the world. MICHAEL Michael Kors has a strong focus on accessories, in addition to offering ready-to-wear and footwear. the company has also been developing its men’s business in recognition of the significant opportunity afforded by the Michael Kors brand’s established fashion authority and the expanding men’s market. Taken together, the company’s Michael Kors collections target a broad customer base while retaining its premium luxury image.
Segments
The company operates in three segments: Versace, Jimmy Choo and Michael Kor.
Versace
This segment generates revenue through the sale of Versace luxury accessories, ready-to-wear and footwear through directly operated Versace boutiques throughout North America (United States and Canada), certain parts of EMEA (Europe, Middle East and Africa) and certain parts of Asia (Asia and Oceania), as well as through Versace outlet stores and e-commerce sites. In addition, revenue is generated through wholesale sales to distribution partners (including geographic licensing arrangements), multi-brand department stores and specialty stores worldwide, as well as through product license agreements in connection with the manufacturing and sale of the Versace Jeans Couture product line, fragrances, watches, eyewear and home furnishings.
Jimmy Choo
The segment includes worldwide sales of Jimmy Choo products through retail stores (including concessions) and e-commerce sites, through wholesale doors (including multi-brand stores), as well as through product and geographic licensing arrangements.
The company generates revenue through the sale of Jimmy Choo luxury goods through directly operated Jimmy Choo retail and outlet stores throughout the Americas (United States, Canada and Latin America), certain parts of EMEA and certain parts of Asia, through its commerce sites, as well as through wholesale sales of luxury goods to distribution partners (including geographic licensing arrangements that allow third parties to use the Jimmy Choo tradename in connection with retail and/or wholesale sales of Jimmy Choo branded products in specific geographic regions), multi-brand department stores and specialty stores worldwide. In addition, revenue is generated through product licensing agreements, which allow third parties to use the Jimmy Choo brand name and trademarks in connection with the manufacturing and sale of products, including fragrances and eyewear.
Michael Kors
The segment includes worldwide sales of Michael Kors products through retail stores (including concessions) and e-commerce sites, through wholesale doors, as well as through product and geographic licensing arrangements.
The company generates revenue through the sale of Michael Kors products through four primary Michael Kors retail formats: collection stores, lifestyle stores (including concessions), outlet stores and e-commerce, through which it sells its products, as well as licensed products bearing the company’s name, directly to consumers throughout the Americas, certain parts of EMEA and certain parts of Asia. The company’s Michael Kors e-commerce business includes e-commerce sites in the United States, Canada, EMEA and Asia. The company also sells Michael Kors products directly to department stores, primarily located across the Americas and EMEA, to specialty stores and travel retail shops in the Americas, Europe and Asia, and to its geographic licensees in certain parts of EMEA, Asia and Brazil. In addition, revenue is generated through product and geographic licensing arrangements, which allow third parties to use the Michael Kors brand name and trademarks in connection with the manufacturing and sale of products, including watches, jewelry, fragrances and eyewear, as well as through geographic licensing arrangements, which allow third parties to use the Michael Kors tradename in connection with the retail and/or wholesale sales of the company’s Michael Kors branded products in specific geographic regions.
Geographic Information
The company sells its Versace, Jimmy Choo and Michael Kors products through retail and wholesale channels in three principal geographic markets: the Americas (United States, Canada and Latin America), EMEA (Europe, Middle East and Africa) and Asia (Asia and Oceania).
Business Strategy
The key elements of the company's strategy are to leverage group expertise and capabilities; continue to execute on its strategies to grow Jimmy Choo; and execute its strategies to return Michael Kors to growth.
Products
Versace
Versace is one of the leading international fashion design houses, representing the brand’s creative vision through a wide range of products. From haute couture to ready-to-wear, footwear, accessories and home decor, Versace delivers a unique lifestyle that welcomes customers in its elegant yet glamorous universe.
Certain product categories, such as Versace Jeans Couture, eyewear, fragrances, watches, home furnishings and tableware are produced under product licensing agreements. Swinger SA is the exclusive licensee for Versace Jeans Couture, Luxottica is the exclusive licensee for Versace eyewear, EuroItalia is the exclusive licensee for Versace fragrances, Vertime is the exclusive licensee for Versace watches and writing instruments, Poltrona Frau is the exclusive licensee for Versace home furnishings and Rosenthal is the exclusive licensee for tableware and porcelain items.
Jimmy Choo
Jimmy Choo is a leading global luxury accessories brand offering a distinctive, glamorous and fashion-forward product range, whose core product offering is women’s luxury shoes, complemented by accessories, including handbags, small leather goods, jewelry, scarves and belts, as well as a men’s luxury shoe and accessory business.
Certain product categories, including Jimmy Choo fragrance and eyewear, are produced under product licensing agreements. Interparfums SA is the exclusive licensee for Jimmy Choo fragrances and beauty and EssilorLuxottica SA is the exclusive licensee for Jimmy Choo eyewear.
Michael Kors
Michael Kors has three primary collections that offer accessories, footwear and apparel: Michael Kors Collection, MICHAEL Michael Kors and Michael Kors Mens. The three primary collections and licensed products are offered through the company’s own Michael Kors retail stores and e-commerce businesses, in department stores around the world and by its exclusive licensees to wholesale customers, in addition to select retailers. The Michael Kors Collection is a sophisticated designer collection for women based on a philosophy of essential luxury and pragmatic glamour and includes accessories, primarily handbags and small leather goods, ready-to-wear and footwear. The MICHAEL Michael Kors collection offers women’s accessories, primarily handbags and small leather goods, as well as footwear and apparel. MICHAEL Michael Kors offers handbags designed to meet the fashion and functional requirements of the company’s broad and diverse consumer base. Michael Kors Mens is an innovative collection of men’s ready-to-wear, accessories and footwear with a modern American style.
Certain product categories, including watches, jewelry, eyewear and fragrance, are produced under product licensing agreements. Fossil is the company’s exclusive licensee for Michael Kors watches and jewelry. Luxottica is the company’s exclusive licensee for Michael Kors distinctive eyewear. Capri Holdings Limited.
Advertising and Marketing
The company’s marketing and advertising programs are designed to build brand awareness for each of its luxury houses as well as highlight the company’s product offerings. The company uses a 360-degree marketing strategy for each of its brands to deliver a consistent message across each brand’s advertising communications, social media, celebrity dressing, special events and direct marketing activities at a national, regional and local level. The company’s campaigns are increasingly being executed through digital and social media platforms to drive further engagement with younger consumers.
The company’s brands introduce their new collections with fashion shows and other fashion events. These fashion events, in addition to celebrity red carpet dressing moments, generate extensive domestic and international media and social media coverage. The Versace and Michael Kors semi-annual runway shows, and Jimmy Choo celebrity placements generate extensive media coverage. Jimmy Choo is also the leading brand in editorial coverage for women’s luxury shoes globally.
The company’s renowned brand founders, as well as its high-profile brand ambassadors and well-known social media influencers across the company’s marketing programs help expand brand awareness and drive cultural relevance.
The company engages in a wide range of integrated marketing programs across various marketing channels, including but not limited to email marketing, print advertising, outdoor advertising, digital marketing, social media, public relations outreach, visual merchandising and partnership marketing, to engage its existing and potential customer base and ultimately stimulate sales in a consumer-preferred shopping venue.
The company’s e-commerce businesses provide it with an opportunity to increase the size of the company’s customer database and to communicate with its consumers to increase online and physical store sales, as well as to continue to build global brand awareness for the company’s brands. The company is continuously improving the functionalities and features on its e-commerce sites to create innovative ways to keep the company’s brands at the forefront of consumers’ minds by offering a broad selection of products, including accessories, apparel and footwear.
Distribution
Versace owns a central warehouse in Novara, Italy, managed by a third-party, which acts as a global hub for Versace’s primary operations. Versace also has a leased warehouse near Novara operated by the same third-party, which serves as a distribution point for other Versace lines. From these warehouses, products are shipped to regional warehouses that are operated by third parties in the United States, Hong Kong, South Korea, Mainland China and Japan, and supports the Versace retail and e-commerce businesses. E-commerce distribution for the United States market is conducted through a third-party provider in New Jersey. Versace’s wholesale business is mainly serviced from three central warehouses located in Italy and the United States.
Jimmy Choo’s primary distribution facility is the company’s company-owned and operated distribution facility in the Netherlands. From there, products are shipped to regional warehouses in the United States, Canada, Mainland China, Hong Kong, South Korea, Japan and United Arab Emirates, largely supporting the Jimmy Choo retail and e-commerce businesses. All the distribution facilities utilized by Jimmy Choo are operated by third parties and are shared with other unaffiliated businesses except for the company’s distribution facility in the Netherlands. This flexible method reinforces the speed and efficiency of the supply chain and allows the business to deliver Jimmy Choo product and collections to market rapidly and in line with the industry’s fashion calendar.
Michael Kors’ primary distribution facility in the United States is a leased facility in Whittier, California, which is directly operated and services the company’s ichael Kors retail stores, e-commerce site and wholesale operations in the United States. The company also engages in omni-channel order fulfillment by filling online orders through its Michael Kors retail stores and through the company’s click-and-collect service offerings. The company’s primary Michael Kors distribution facility in Europe is its company-owned and operated distribution facility in the Netherlands, which supports the company’s European operations for its Michael Kors brand, including the company’s European e-commerce sites. The company also has a regional Michael Kors distribution center in Canada, which is leased, as well as regional Michael Kors distribution centers in the United States, Mainland China, Hong Kong, Japan, South Korea and Taiwan, which are operated by third parties.
Intellectual Property
The company owns VERSACE, JIMMY CHOO and MICHAEL KORS trademarks, as well as other material trademarks, copyrights, design and patent rights related to the production, marketing and distribution of its products, both in the United States and in other countries in which the company’s products are principally sold.
Seasonality
The company experiences certain effects of seasonality with respect to its business. The company generally experiences greater sales during its third fiscal quarter, primarily driven by holiday season sales, and the lowest sales during the company’s first fiscal quarter (year ended March 29, 2025).
History
The company was founded in 1981. It was incorporated in the British Virgin Islands in 2002. The company was formerly known as Michael Kors Holdings Limited and changed its name to Capri Holdings Limited in 2018.
