Michael Kors, Versace, and Jimmy Choo Lost $182 Million but Still Beat the Expectations
News & Events

Despite the Tough Pandemic Period, Capri Holdings Are Still Pleased with the Results

fashion and pandemic

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.

Read also: New Guards Group Along with the Palm Angels Brand Presents Their Joint Line of Sunglasses

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. 

Did you like this article? We found some news that you will also like to read:

Thank you for choosing and reading our blog. Have a great day!

Leave Comment

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Top News

Dior Apologizes to China for a Controversial Photo
News & Events
The French Brand Dior Has Apologized to China After a Photo Scandal on an Exhibition

24.11.2021

/

Views 94
Francesca Amfitheatrof Creates Jewelry
News & Events
The Designer Francesca Amfitheatrof Makes the Jewels That Are Worn by Hollywood Stars

19.11.2021

/

Views 72
Top model Iman and David Bowie
News & Events
The Model Iman Presented Her First Perfume Dedicated to Her Late Husband

18.11.2021

/

Views 69
Penhaligon’s portraits
News & Events
Penhaligon’s Presented a Digital Platform To Show Its Portraits Collection

18.11.2021

/

Views 68
Rag & Bone Presents Interactive Instagram Filters
News & Events
Meet Interactive Instagram Filters by Rag & Bone and Create Your Own Videos

19.11.2021

/

Views 60

This site uses cookies to ensure you get the best experience on our website.