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US luxury group Capri has ended its fiscal year on an unsurprisingly gloomy note, largely due to the negative impact of the coronavirus. While the slip of 11.3 percent in total revenue does not look too bad compared to some other retailers, this is mostly…
With the completion of its acquisition of Versace, global fashion group Michael Kors Holding has successfully transitioned into its new identity as Capri Holdings Limited. The group, which now owns Michael Kors, Jimmy Choo and Versace, hopes to leverage its…
Jimmy Choo is taking a preemptive strike at some potential competition. Xianjie Zhu, a 19-year-old from Guangdong Province in China, goes by Jerry Chu at Central Saint Martins, where he’s a fashion student specialising in menswear. Last year, at the…
Luxury fashion group Michael Kors delivered better than anticipated revenue, operating margin, and earnings per share growth in its Q1 FY19 results, with total revenue increasing 26.3 per cent to US$1.2 billion. Total operating margin reached 17.9 per cent,…
Michael Kors Holdings recorded $1.18bn in the crucial fourth quarter, close to an 11% gain on last year, a revenue result driven most by sales brought in from Jimmy Choo, the luxury shoe business it acquired last summer for $1.2bn. Like-for-like sales during…
Pret A Manger’s global business, including Hong Kong and Singapore, has been sold to global investment firm JAB. Flush with cash from the sale of Jimmy Choo and a controlling interest in Bally, JAB is refocusing its core business investments on consumer goods…
Asia proved the strongest growth market for premium apparel and accessories retailer Michael Kors last year, offsetting ongoing weakness in its largest market, the Americas. Asian sales increased 17.5 per cent to US$137.7 million in the fourth quarter and…
After the launch of its fragrance Fever, fashion label Jimmy Choo plans to broaden its offering by developing a make-up range. CEO Pierre Denis says that while the brand may be known for its shoes, it also offers bags, small leather goods, sunglasses and…
Interparfums and Bolloré Logistics announce the extension of their partnership for a period of three years including 2018, 2019, and 2020. Interparfums is a French company that develops perfumes and cosmetics lines on the basis of global exclusive licensing…
Announced in September 2017 during the spring/summer 2018 shows, the much anticipated “Off White c/o Jimmy Choo” collaboration will be launched globally on 21 February 2018 both online and in store. To mark the occasion, the two brands will open a pop-up…
The latest numbers from Michael Kors are far from being a good result, indicating a distinct lack of momentum at the brand. In some divisions, the Michael Kors brand has experienced a reversal of fortunes since the last reporting period and the results…
Jimmy Choo Japan delivered the strongest performance internationally for the luxury shoe brand’s first half. While there was strong growth across Asia, Japan shone with an 11 per cent rise in revenue on a constant currency basis. Growth was underpinned by the…
Luxury shoemaker Jimmy Choo Plc, which is being bought by U.S. retailer Michael Kors, said its pretax profit for the half year almost tripled, helped by its retail and licensing businesses. Pretax profit for the six month to June 30 was 18.1 million pounds…
Both Michael Kors and Jimmy Choo can extract significant benefits from the acquisition announced this week, says Pascal Martin, partner with OC&C Strategy Consultants. But he warns there “are limits” to how much and how fast a luxury brand can expand its…
Michael Kors has been struggling in recent quarters with declining same-store sales as fewer people visit its shops. U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British brand launched in the east…
Michael Kors has joined the list of known bidders for luxury shoe brand Jimmy Choo. According to Sky News, the US brand will lodge an indicative bid for Jimmy Choo prior to next week’s deadline. Rival US fashion label Coach has already declared its interest…
