Capri Holdings Ltd (CPRI) is a global fashion luxury group, headquartered in London. The company is engaged in the business of designing, marketing, distribution, and retailing of branded women's and men's apparel and accessories. Capri Holdings was established in 1981 by designer Michael Kors with the aim of bringing luxury fashion and ready-to-wear trends to the average consumer.
Capri Holdings operates across several brand names, most notably Michael Kors, Jimmy Choo, and Versace, with each brand having its own unique identity and uniqueness. Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready-to-wear. His namesake company, established in 1981, has over 950 stores in 100 countries.
Jimmy Choo is a leading global luxury brand with an empowered sense of glamour and a playfully daring spirit. Known for its handcrafted shoes, Jimmy Choo is a favorite among royalty and celebrities. In 2017, Capri Holdings purchased Jimmy Choo for $1.18 billion, marking its first step towards building a luxury fashion empire.
Versace is a prestigious Italian luxury fashion company and trade name under the aegis of Capri Holdings Ltd. Known for its innovative designs and eccentricity, Versace became part of the Capri Holdings family in 2018 for an estimated $2.1 billion.
Capri Holdings Ltd (CPRI) is publicly traded in the United States on the New York Stock Exchange. The company, under the visionary leadership of John D. Idol, the Chairman, and Chief Executive Officer, has made its mark in the global luxury fashion sector. The strategic decision by Capri Holdings Ltd to acquire iconic luxury brands has greatly expanded its global footprint and positioned the company as a formidable player in the luxury goods sector.
The business strategy of Capri Holdings involves a focus on long-term strategies such as enhancing the global luxury positioning of each of its unique brand entities, expanding their presence worldwide, and strengthening its supply chain.
Despite the current challenges and dynamic changes in the global market, Capri Holdings continues to thrive by constantly adapting, evolving, and staying committed to maintaining the quality, integrity, and heritage of its brands. With a robust business model and a diversified brand portfolio, Capri Holdings Ltd is well-positioned to continue its growth and success in the global luxury fashion market, capturing the hearts and minds of fashion-conscious consumers globally.