Capri Holdings Outlines Growth Plans for Michael Kors, Versace, and Jimmy Choo

The company targets $6.3 billion in future revenue and plans brand revitalization, store optimization, and expanded product offerings.

Capri Holdings projects a return to growth by fiscal year 2027, aiming for $6.3 billion in future revenue across its three luxury brands.
The company plans to close over 175 underperforming stores by fiscal 2026 while renovating 50% of Michael Kors stores to boost sales density.
Versace will focus on expanding its accessories, footwear, and menswear businesses, with a long-term revenue target of $1.5 billion.
Jimmy Choo aims to grow its accessories segment to 30% of its business and triple men’s revenue, with a future revenue goal of $800 million.
Michael Kors will emphasize standout styles and strategic pricing to grow its accessories and footwear businesses, targeting $4 billion in revenue.