MICHAEL KORS news and archive

Item of the week: the white shirt

What it is: If there was one item that stood above the rest for the AW23 season, it was the white shirt, spotted in abundance for both menswear and womenswear collections, alike. It was also not subject to one form, and instead could be spotted in a multitude of silhouettes, ranging from exaggerated oversized shapes to fitted deconstructions....

BusinessFeatured

Capri Holdings Q4 revenue down 10.5 percent, swings to loss

Michael Kors parent company Capri Holdings has reported a double-digit drop in revenue in the fourth quarter as it swung to a loss. The US fashion group generated revenue of 1.34 billion dollars in the three months to April 1 compared to revenue of 1.49 billion dollars a year earlier. However, the decrease amounted to a less significant 3...

Retail |In Pictures

Michael Kors unveils immersive windows at La Rinascente

American designer fashion brand Michael Kors has unveiled a luxe and immersive window experience at La Rinascente in Milan, Italy. Michael Kors has taken over the iconic department store’s walkway and windows, across the Duomo, with a display designed to transport passers-by to the island of Capri at sunset to showcase the brand’s summer 2023...

Business

Capri Holdings appoints Bacardi CEO to its board of directors

Capri Holdings Limited has appointed Mahesh Madhavan to the company’s board of directors effective March 30, 2023. Madhavan, the company said in a statement, will join the compensation and talent committee as well as the governance, nominating and corporate social responsibility committee. As of the date of Madhavan’s appointment, the Capri...

Video

Video: Michael Kors FW23

In this video you can see Michal Kors’ FW23 collection presented at New York Fashion Week. Video: Michael Kors via Youtube

Fashion

Kors honors feminist icon as New York Fashion Week wraps up

American designer Michael Kors paid tribute to US feminist icon Gloria Steinem on the final day of New York Fashion Week Wednesday. His Fall-Winter 2023 parade saw several models wear round, low-hanging belts in a nod to the 88-year-old Steinem's signature look. Steinem, considered the leader of second-wave feminism in America in the late 1960s...

BusinessFeatured

Capri Holdings posts drop in revenue and earnings

Capri Holdings Limited’s third quarter revenue decreased 6 percent on a reported basis and 0.5 percent in constant currency to 1.51 billion dollars. Gross profit was 1.01 billion dollars and gross margin was 66.5 percent compared to 1.05 billion dollars and 65.1 percent in the prior year. Adjusted gross profit was 1 billion dollars and adjusted...

Business

Cedric Wilmotte returning to Michael Kors as chief executive officer

Capri Holdings Limited has announced that Cedric Wilmotte will be appointed chief executive officer of the Michael Kors brand effective April 3, 2023. Wilmotte recently served as the interim chief executive officer for Versace from January through September 2022 and is currently Versace’s chief operating officer. Commenting on Wilmotte...

Fashion |In Pictures

Michael Kors unveils capsule ski collection with Ellesse

Michael Kors and Italian sportswear brand Ellesse are following up the success of their inaugural collaboration with a new skiwear capsule collection. Launching globally on November 28, the capsule offers “a vivid take on ski resort style,” explains the American fashion brand, with pieces emblazoned with a one-of-a-kind insignia that fuses...

BusinessFeatured

Capri Holdings posts rise in Q2 sales and earnings

Capri Holdings Limited reported second quarter revenue of 1.41 billion dollars increased 8.6 percent on a reported basis and 17.5 percent in constant currency. Net income for the quarter was 224 million dollars or 1.63 dollars per diluted share, compared to 200 million dollars or 1.30 dollars per diluted share, in the prior year. Adjusted net...

BusinessFeatured

Capri Holdings beats Q1 revenue, profit estimates

Michael Kors owner Capri Holdings made revenue of 1.36 billion dollars in the first quarter ended July 2, up 8.5 percent compared to last year, or up 15.2 percent on a constant currency basis. Breaking it down by brand, Michael Kors - the group’s biggest label - reported revenue of 913 million dollars, up 4.8 percent on last year. Meanwhile,...

Fashion

Michael Kors launches limited-edition Capri collection

Michael Kors has launched a limited-edition capsule collection inspired by the spirit of an Italian summer that is only being sold on the island of Capri and the nearby Amalfi Coast. The MK Loves Capri capsule aims to reflect the “luminous beauty and eternal, effortless luxury of an Italian summer getaway,” explains Michael Kors, while paying...