Despite the Tough Pandemic Period, Capri Holdings Are Still Pleased with the Results
Revenues of the American fashion brand Michael Kors, which specializes in the production of clothing, perfumes, and accessories, were 838 million dollars for the quarter, in comparison with 872 million dollars that were last year.
Meanwhile, the brand from London Jimmy Choo reported about 124 million dollars for the sales, and this is higher than 107 million dollars for the last year.
And the Italian luxury brand Versace arrived with a 182 million loss for the quarter. Nevertheless, the company’s success, along with a positive vision for the future was enough for the investors not to worry about.
Analyzing reports from the year 2021, the pandemic situation made a significant impact on the world of fashion. And this challenge has tested the strength of global brands, not many of which could cope with it. But despite these struggles, the Capri Holdings team was encouraged by the production of all their three brands, which profits managed to pass the expectations. The results show not only the strength of the brands but also the dedication and flexibility of the entire professional team.
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