Capri Holdings Limited
Capri Holdings Limited is a global luxury fashion group, which includes iconic brands, leader of the sector because of their design, style and craftsmanship: they cover the entire range of luxury fashion categories, including accessories, footwear, womenswear and menswear clothing, wearable technology, watches, jewels, eyewear and a complete line of fragrance products.
The aim of the group is to extend the global influence of its brands and to guarantee them their independence and their exclusive DNA. Capri Holdings Limited is listed in the New York Stock Market with CPRI ticker.
The history of Capri Holdings Limited
The group (NYSE: CPRI, already known as Michale Kors Holdings Limited) is a holding which operates in the fashion world, based in Virgin Island and with offices in London and New York, founded in 1981 by American fashion designer Michael Kors.
After having launched, in 1981, the homonymous womenswear brand, the fashion designer started designing for other companies too, so in 1997 he was appointed ready-to-wear fashion designer for Céline. When he left that role, in October 2003, in order to give more attention to his brand, the fashion designer constituted the Michael Kors Holdings Limited (MKHL). In July 2017 the MKHL acquired the brand Jimmy Choo for 897 million pounds and in September 2018 he acquired Versace for 2,1 billion dollars. On 2nd January 2019 the company was renamed Capri Holdings.
With a 10.42% stake, The Vanguard Group, Inc. is the company’s largest shareholder. With a 3.777% stake, PRIMECAP Management Co. is one of the other significant shareholders.
In August 2023 the Capri Holdings received an offer from American conglomerate Tapestry, which offered 8,5 billion dollars to acquire its property and debts: Capri Holdings soon became owned by Tapestry. In this way the new company will do business in 75 countries, with a turnover of 12 billion dollars every year.
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