Capri Holdings Ltd (CPRI.N)
21 Feb 2020
Wed, Feb 5 2020
Feb 5 Michael Kors owner Capri Holdings Ltd cut its forecasts on Wednesday as it warned of a $100 million hit to revenue due to the coronavirus outbreak in China, which has led to 150 store closures and travel restrictions on high-spending tourists.
Feb 5 Michael Kors owner Capri Holdings Ltd on Wednesday warned of a $100 million hit to its full-year revenue from the coronavirus outbreak in China, as it closed 150 stores in one of the most important markets for luxury fashion labels.
Nov 6 Capri Holdings Ltd blamed a controversy around a Versace T-shirt that labeled Hong Kong and Macau as countries for denting the luxury label's sales in China, adding it would now take a "very cautious" approach to its business in the country.
Nov 6 Michael Kors owner Capri Holdings Ltd reported a 7.8% fall in second-quarter adjusted net income on Wednesday, blaming higher expenses and protests in Hong Kong.