CPRI on NYSE

Capri Holdings

Logo: Capri Holdings, Public domain, via Wikimedia Commons4

Multinational fashion holding company

Capri Holdings Limited (formerly Michael Kors Holdings Limited) is a multinational fashion holding company, incorporated in the British Virgin Islands, with executive offices in London and operational offices in New York City. It was founded in 1981 by American designer Michael Kors.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$3.5BRevenue, fiscal 20265
$137.0MNet income, fiscal 20265
2002Founded1

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  • TickerCPRI on NYSE1
  • Industryclothing industry1
  • HeadquartersLondon1
  • Websitewww.capriholdings.com
  • Legal formpublic company1
  • Listed onNasdaq (KORS), New York Stock Exchange (CPRI)1
  • Incorporated inVirgin Islands, British6
  • Business address90 Whitfield Street, 2Nd Floor, London, X0 W1T 4Ez6
  • Filer categoryLarge accelerated filer6

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Mk bag
Photo: Spera ( http://www.spera.de ), CC BY 2.0, via Wikimedia Commons8

Capri Holdings Limited (formerly Michael Kors Holdings Limited) is a multinational fashion holding company, incorporated in the British Virgin Islands, with executive offices in London and operational offices in New York City. It was founded in 1981 by American designer Michael Kors. The company sells clothes, shoes, watches, handbags, and other accessories. In 2015, the company had more than 550 stores and over 1,500 in-store boutiques in various countries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

62.3%Gross margin5
0.7%Operating margin5
3.9%Net margin5
-4.1%Revenue growth, 20265
171.2%Return on equity5
4.29×Debt to equity5
$14.0MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Accessories brought in 56% of the revenue Capri Holdings broke down this way in fiscal 2026.

  1. Accessories$1.9B556%down 4% from 2025
  2. Footwear$853.0M525%down 4% from 2025
  3. Apparel$446.0M513%down 8% from 2025
  4. Product and Service, Other$239.0M57%down 1% from 2025
Products and services by year
Products and services202420252026
Accessories$2.4B$2.0B$1.9B
Footwear$982.0M$888.0M$853.0M
Apparel$540.0M$484.0M$446.0M
Product and Service, Other$253.0M$242.0M$239.0M

Business segments

Michael Kors brought in 83% of the revenue Capri Holdings broke down this way in fiscal 2026.

  1. Michael Kors$2.9B583%down 5% from 2025
  2. Jimmy Choo$600.0M517%down 1% from 2025
Business segments by year
Business segments202420252026
Michael Kors$3.5B$3.0B$2.9B
Jimmy Choo$618.0M$605.0M$600.0M

Regions

Americas brought in 38% of the revenue Capri Holdings broke down this way in fiscal 2026.

  1. Americas$2.0B538%down 9% from 2025
  2. United States$1.8B535%down 9% from 2025
  3. EMEA$1.0B519%up 5% from 2025
  4. Asia$442.0M58%down 2% from 2025
Regions by year
Regions202420252026
Americas$2.5B$2.2B$2.0B
United States$2.3B$2.0B$1.8B
EMEA$1.1B$952.0M$1.0B
Asia$609.0M$450.0M$442.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Selling, general and admin57¢$2.0B
  • Other costs39¢$1.3B
  • Income tax1¢$27.0M
  • Profit4¢$137.0M

Out of $3.5B in revenue.5

Where each dollar of operating cash went, fiscal 2026

  • Capital spending44¢$63.0M
  • Share buybacks56¢$81.0M

Out of $77.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue9101112135$3.5B in 2026−34% since 2019
0$2.0B$4.0B$6.0B2019: $5.2B$5.2B20192020: $5.6B$5.6B2020+6%2021: $4.1B$4.1B2021−27%2022: $5.7B$5.7B2022+39%2023: $5.6B$5.6B2023−1%2024: $4.1B$4.1B2024−26%2025: $3.6B$3.6B2025−13%2026: $3.5B$3.5B2026−4%
Gross profit9101112135$2.2B in 2026−32% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $3.2B$3.2B20192020: $3.3B$3.3B2020+3%2021: $2.6B$2.6B2021−21%2022: $3.7B$3.7B2022+44%2023: $3.7B$3.7B2023−1%2024: $2.6B$2.6B2024−30%2025: $2.3B$2.3B2025−14%2026: $2.2B$2.2B2026−4%
Operating income9101112135$23.0M in 2026−97% since 2019
-$500.0M0$500.0M$1.0B2019: $735.0M$735.0M20192020: -$192.0M-$192.0M20202021: $19.0M$19.0M20212022: $903.0M$903.0M2022+4653%2023: $679.0M$679.0M2023−25%2024: $59.0M$59.0M2024−91%2025: -$26.0M-$26.0M20252026: $23.0M$23.0M2026
Net income9101112135$137.0M in 2026−75% since 2019
-$2.0B-$1.0B0$1.0B2019: $543.0M$543.0M20192020: -$223.0M-$223.0M20202021: -$62.0M-$62.0M2021−72%2022: $822.0M$822.0M20222023: $616.0M$616.0M2023−25%2024: -$229.0M-$229.0M20242025: -$1.2B-$1.2B2025+416%2026: $137.0M$137.0M2026

Every line of the income statement in the latest annual report, as filed.5

Period ending2026-03-312025-03-312024-03-31
Total revenue$3.5B$3.6B$4.1B
Cost of goods sold$1.3B$1.4B$1.5B
Gross profit$2.2B$2.3B$2.6B
Selling, general and administrative expenses$2.0B$2.0B$2.1B
Depreciation and amortization$121.0M$132.0M$132.0M
Impairment of assets$40.0M$142.0M$292.0M
Restructuring and other expense$15.0M$5.0M$0
Total operating expenses$2.1B$2.3B$2.6B
Income (loss) from continuing operations$23.0M-$26.0M$59.0M
Other (income) expense, net-$5.0M$8.0M-$5.0M
Interest (income) expense, net-$77.0M-$37.0M$6.0M
Foreign currency (gain) loss-$2.0M$5.0M$37.0M
Income (loss) from continuing operations before income taxes$107.0M-$2.0M$21.0M
Provision for income taxes$27.0M$524.0M$8.0M
Net income (loss) from continuing operations$80.0M-$526.0M$13.0M
Net income (loss) from discontinued operations, net of tax$58.0M-$653.0M-$242.0M
Less: Net income attributable to noncontrolling interest from continuing operations$1.0M$3.0M$0
Net income (loss) attributable to Capri$137.0M-$1.2B-$229.0M
Basic (in shares)119.3M shares118.3M shares117.0M shares
Diluted (in shares)119.8M shares118.3M shares118.1M shares
Basic from continuing operations (in dollars per share)$1-$4$0
Basic from discontinued operations (in dollars per share)$0-$6-$2
Basic per ordinary share (in dollars per share)$1.14-$10.00-$1.96
Diluted from continuing operations (in dollars per share)$1-$4$0
Diluted from discontinued operations (in dollars per share)$0-$6-$2
Diluted per ordinary share (in dollars per share)$1.14-$10.00-$1.96
Net income (loss)$138.0M-$1.2B-$229.0M
Foreign currency translation adjustments-$391.0M-$94.0M$4.0M
Net gain (loss) on derivatives$11.0M-$10.0M$10.0M
Comprehensive loss-$242.0M-$1.3B-$215.0M
Less: Net income attributable to noncontrolling interest$1.0M$3.0M$0
Comprehensive loss attributable to Capri-$243.0M-$1.3B-$215.0M

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The story

Founded by Michael Kors in 2002.1

Background

Founder Michael Kors enrolled at the Fashion Institute of Technology in New York City in 1977, but dropped out after nine months. Taking a job as a sales person at a boutique called Lothar's across from Bergdorf Goodman on 57th Street in Midtown Manhattan, he later became both the designer and visual display head for the store.

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 (MKH Ltd), relaunched with a majority $100 million 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.

In July 2017, MKH Ltd bought Jimmy Choo Ltd for £897 million. In September 2018, MKH Ltd announced a deal to take over Versace. The Italian fashion group was valued at $2.1 billion. Capri Holdings has planned to up Versace's global retail footprint from approximately 200 to 300 stores. On January 2, 2019 after closing the deal, the company was renamed to Capri Holdings.

Tapestry, Inc. agreed to acquire Capri for $8.5 billion in August 2023. In April 2024, the U.S. Federal Trade Commission sued to block the acquisition citing reduced competition between their brands, like Coach and Michael Kors, in the affordable luxury handbag market. It was also concerned that the deal would negatively impact hiring of workers and their wages. Responding to the suit, Tapestry and Capri said they would fight it in court with the aim of closing the transaction by the end of 2024. The merger was blocked on October 24, 2024. Capri and Tapestry committed to appealing the decision, but called off the merger the following month.

On April 10, 2025, Capri Holdings finalized the sale of Versace to Prada for 1.25 billion euros.

From Wikipedia’s article on Capri Holdings, shared under CC BY-SA 4.0.7

Leadership

Who has led Capri Holdings, and when. Pick a name to see everywhere that person has worked.

Products and brands

By 2014, the annual revenue for the company was $3.2 billion, with a net income of $670 million. By April 2017, the company had 827 full-price or outlet stores and 133 licensed stores. Since 2017, the company said that it would no longer use animal fur in any of its products. In 2018, Michael Kors announced two new stores, one in Waterloo, New York, as well as one in the Fairview Park Mall in Kitchener, Ontario.

Capri Holdings posted a $1.18 billion loss in fiscal 2025 as revenues decreased 21% from $5.6 billion to $4.4 billion.

From Wikipedia’s article on Capri Holdings, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Also owns

  • Jimmy Choo Ltd
  • Michael Kors
  • Versace since Sep 2018

From Wikidata.1

Acquisitions

  1. Sep 2018Acquired Versace1

Former names

  • Michael Kors Holdings LtdDec 2, 2011 to Dec 21, 20186

Timeline

  1. Sep 2018Acquisition Acquired Versace1
  2. 2002Founded Founded1

Recent filings

  1. Sep 16, 20268-K
  2. Aug 27, 2026144
  3. Aug 19, 20264/A OWNERSHIP DOCUMENT
  4. Aug 19, 20264/A OWNERSHIP DOCUMENT
  5. Aug 19, 20264/A OWNERSHIP DOCUMENT
  6. Aug 7, 2026SCHEDULE 13G/A
  7. Aug 6, 2026SCHEDULE 13G/A
  8. Aug 5, 20268-K
  9. Aug 5, 2026S-8
  10. Aug 5, 202610-Q
  11. Jul 31, 20264 OWNERSHIP DOCUMENT
  12. Jul 31, 20264 OWNERSHIP DOCUMENT
  13. Jul 31, 20264 OWNERSHIP DOCUMENT
  14. Jul 31, 20264 OWNERSHIP DOCUMENT
  15. Jul 31, 20264 OWNERSHIP DOCUMENT

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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