Capri Holdings Ltd (NYSE: CPRI) is a global luxury fashion company that designs, markets, and sells accessories, footwear, apparel, and related products under three brand segments: Michael Kors, Versace, and Jimmy Choo. Revenue is generated through Company-operated retail stores, e-commerce sites, wholesale distribution to department stores and specialty retailers, and licensing agreements. Michael Kors is the dominant segment, contributing $3.016B of the company's $4.442B total revenue in Fiscal 2025 (fiscal year ended March 29, 2025), with Versace at $821M and Jimmy Choo at $605M. Accessories represented 49.1% of total revenue in Fiscal 2025, followed by footwear at 27.9% and apparel at 13.6%. Licensing revenue contributed 4.5%. The Americas accounted for $2.479B, EMEA $1.296B, and Asia $667M of Fiscal 2025 total revenue. All three segments have experienced declining revenue from Fiscal 2023 through Fiscal 2025. The company leases all retail store facilities under long-term operating leases, with future minimum payments of approximately $1.9B as of March 29, 2025.

Revenue model

Transactional retail sales through Company-operated boutiques and outlet stores, wholesale sales to department stores and specialty retailers, e-commerce sales, and royalty-based licensing agreements. Licensing revenue was $201M (4.5% of total) in Fiscal 2025.

Products and services

Versace: luxury accessories, ready-to-wear, and footwear. Jimmy Choo: women's and men's luxury shoes, handbags, small leather goods, jewelry, scarves, belts, plus licensed fragrance and eyewear. Michael Kors: accessories, ready-to-wear, and footwear distributed across more than 100 countries.

Customers and end markets

End consumers of luxury fashion goods across the Americas, EMEA, and Asia. Wholesale customers include multi-brand department stores and specialty retailers globally. No customer concentration disclosed in the excerpts.

Value-chain role

Brand owner and retailer. Design and brand management are handled internally. Manufacturing is outsourced to foreign contractors, primarily in Vietnam, Cambodia, Indonesia, and Bangladesh for Michael Kors. Distribution is handled through Company-owned facilities (Netherlands for Jimmy Choo, Whittier, California for Michael Kors U.S.) and third-party logistics partners.

Geographic exposure

Americas: $2.479B (55.8% of Fiscal 2025 revenue). EMEA: $1.296B (29.2%). Asia: $667M (15.0%). All figures for fiscal year ended March 29, 2025.

Source: SEC 10-K, filed 2025-05-28

Industry: Leather & Leather Products Peers: Perfect Moment Ltd