CPRI on NYSE

Capri Holdings

Logo: Capri Holdings, Public domain, via Wikimedia Commons⁵

Multinational fashion holding company

Capri Holdings Limited (formerly Michael Kors Holdings Limited) is a multinational fashion holding company, incorporated in the British Virgin Islands, with executive offices in London and operational offices in New York City. It was founded in 1981 by American designer Michael Kors. The company sells clothes, shoes, watches, handbags, and other accessories.³ It is headquartered in Manhattan.¹ Its chief executive is John D. Idol.¹ Its shares trade on NYSE under the symbol CPRI.¹ Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$3.5BRevenue, fiscal 2026⁶

$137.0MNet income, fiscal 2026⁶

2002Founded¹

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TickerCPRI on NYSE¹
Industryclothing industry¹
HeadquartersLondon¹
Websitewww.capriholdings.com
Legal formpublic company¹
Listed onNasdaq (KORS), New York Stock Exchange (CPRI)¹
Incorporated inVirgin Islands, British⁷
Business address90 Whitfield Street, 2Nd Floor, London, X0 W1T 4Ez⁷
Filer categoryLarge accelerated filer⁷
LEI549300LPG8W0H1OX3A26⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressC/O Vistra Corporate Services Centre, VG1110 Road Town, British Virgin Islands⁴
Registered withRegistry of Corporate Affairs (British Virgin Islands Financial Services Commission), 524407⁴

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Capri Holdings Limited (formerly Michael Kors Holdings Limited) is a multinational fashion holding company, incorporated in the British Virgin Islands, with executive offices in London and operational offices in New York City. It was founded in 1981 by American designer Michael Kors. The company sells clothes, shoes, watches, handbags, and other accessories. In 2015, the company had more than 550 stores and over 1,500 in-store boutiques in various countries.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

62.3%Gross margin⁶

0.7%Operating margin⁶

3.9%Net margin⁶

-4.1%Revenue growth, 2026⁶

171.2%Return on equity⁶

4.29×Debt to equity⁶

$14.0MFree cash flow⁶

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Accessories brought in 56% of the revenue Capri Holdings broke down this way in fiscal 2026.

Accessories$1.9B⁶56%down 4% from 2025
Footwear$853.0M⁶25%down 4% from 2025
Apparel$446.0M⁶13%down 8% from 2025
Product and Service, Other$239.0M⁶7%down 1% from 2025

Products and services by year

Products and services	2024	2025	2026
Accessories	$2.4B	$2.0B	$1.9B
Footwear	$982.0M	$888.0M	$853.0M
Apparel	$540.0M	$484.0M	$446.0M
Product and Service, Other	$253.0M	$242.0M	$239.0M

Business segments

Michael Kors brought in 83% of the revenue Capri Holdings broke down this way in fiscal 2026.

Michael Kors$2.9B⁶83%down 5% from 2025
Jimmy Choo$600.0M⁶17%down 1% from 2025

Business segments by year

Business segments	2024	2025	2026
Michael Kors	$3.5B	$3.0B	$2.9B
Jimmy Choo	$618.0M	$605.0M	$600.0M

Regions

Americas brought in 38% of the revenue Capri Holdings broke down this way in fiscal 2026.

Americas$2.0B⁶38%down 9% from 2025
United States$1.8B⁶35%down 9% from 2025
EMEA$1.0B⁶19%up 5% from 2025
Asia$442.0M⁶8%down 2% from 2025

Regions by year

Regions	2024	2025	2026
Americas	$2.5B	$2.2B	$2.0B
United States	$2.3B	$2.0B	$1.8B
EMEA	$1.1B	$952.0M	$1.0B
Asia	$609.0M	$450.0M	$442.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

Selling, general and adminOther costs

Selling, general and admin57¢$2.0B
Other costs39¢$1.3B
Income tax1¢$27.0M
Profit4¢$137.0M

Out of $3.5B in revenue.⁶

Where each dollar of operating cash went, fiscal 2026

Capital spendingShare buybacks

Capital spending44¢$63.0M
Share buybacks56¢$81.0M

Out of $77.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.⁶

Financial statements

Revenue¹¹¹²¹³¹⁴¹⁵⁶$3.5B in 2026−34% since 2019

Gross profit¹¹¹²¹³¹⁴¹⁵⁶$2.2B in 2026−32% since 2019

Operating income¹¹¹²¹³¹⁴¹⁵⁶$23.0M in 2026−97% since 2019

Net income¹¹¹²¹³¹⁴¹⁵⁶$137.0M in 2026−75% since 2019

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁶

Period ending	2026-03-31	2025-03-31	2024-03-31
Total revenue	$3.5B	$3.6B	$4.1B
Cost of goods sold	$1.3B	$1.4B	$1.5B
Gross profit	$2.2B	$2.3B	$2.6B
Selling, general and administrative expenses	$2.0B	$2.0B	$2.1B
Depreciation and amortization	$121.0M	$132.0M	$132.0M
Impairment of assets	$40.0M	$142.0M	$292.0M
Restructuring and other expense	$15.0M	$5.0M	$0
Total operating expenses	$2.1B	$2.3B	$2.6B
Income (loss) from continuing operations	$23.0M	-$26.0M	$59.0M
Other (income) expense, net	-$5.0M	$8.0M	-$5.0M
Interest (income) expense, net	-$77.0M	-$37.0M	$6.0M
Foreign currency (gain) loss	-$2.0M	$5.0M	$37.0M
Income (loss) from continuing operations before income taxes	$107.0M	-$2.0M	$21.0M
Provision for income taxes	$27.0M	$524.0M	$8.0M
Net income (loss) from continuing operations	$80.0M	-$526.0M	$13.0M
Net income (loss) from discontinued operations, net of tax	$58.0M	-$653.0M	-$242.0M
Less: Net income attributable to noncontrolling interest from continuing operations	$1.0M	$3.0M	$0
Net income (loss) attributable to Capri	$137.0M	-$1.2B	-$229.0M
Basic (in shares)	119.3M shares	118.3M shares	117.0M shares
Diluted (in shares)	119.8M shares	118.3M shares	118.1M shares
Basic from continuing operations (in dollars per share)	$1	-$4	$0
Basic from discontinued operations (in dollars per share)	$0	-$6	-$2
Basic per ordinary share (in dollars per share)	$1.14	-$10.00	-$1.96
Diluted from continuing operations (in dollars per share)	$1	-$4	$0
Diluted from discontinued operations (in dollars per share)	$0	-$6	-$2
Diluted per ordinary share (in dollars per share)	$1.14	-$10.00	-$1.96
Net income (loss)	$138.0M	-$1.2B	-$229.0M
Foreign currency translation adjustments	-$391.0M	-$94.0M	$4.0M
Net gain (loss) on derivatives	$11.0M	-$10.0M	$10.0M
Comprehensive loss	-$242.0M	-$1.3B	-$215.0M
Less: Net income attributable to noncontrolling interest	$1.0M	$3.0M	$0
Comprehensive loss attributable to Capri	-$243.0M	-$1.3B	-$215.0M

Total assets¹⁹¹¹¹²¹³¹⁴¹⁵⁶$3.2B in 2026−51% since 2019

Total liabilities¹⁹¹¹¹²¹³¹⁴¹⁵⁶$3.1B in 2026−25% since 2019

Shareholders’ equity¹⁹¹¹¹²¹³¹⁴¹⁵⁶$80.0M in 2026−97% since 2019

Cash¹⁹¹¹¹²¹³¹⁴¹⁵⁶$135.0M in 2026−22% since 2019

Long-term debt¹⁹¹¹¹²¹³¹⁴¹⁵⁶$343.0M in 2026−82% since 2019

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁶

Period ending	2026-03-31	2025-03-31	2024-03-31	2023-03-31
Cash and cash equivalents	$135.0M	$107.0M
Receivables, net	$211.0M	$215.0M
Inventories, net	$581.0M	$701.0M
Prepaid expenses and other current assets	$226.0M	$156.0M
Current assets held for sale	$0	$342.0M
Total current assets	$1.2B	$1.5B
Property and equipment, net	$371.0M	$393.0M
Operating lease right-of-use assets	$854.0M	$825.0M
Intangible assets, net	$562.0M	$582.0M
Goodwill	$202.0M	$199.0M	$253.0M
Deferred tax assets	$0	$0
Other assets	$92.0M	$99.0M
Noncurrent assets held for sale	$0	$1.6B
Total assets	$3.2B	$5.2B
Accounts payable	$311.0M	$379.0M
Accrued payroll and payroll related expenses	$122.0M	$81.0M
Accrued income taxes	$23.0M	$66.0M
Short-term operating lease liabilities	$233.0M	$249.0M
Short-term debt	$14.0M	$24.0M
Accrued expenses and other current liabilities	$251.0M	$233.0M
Current liabilities held for sale	$0	$304.0M
Total current liabilities	$954.0M	$1.3B
Long-term operating lease liabilities	$830.0M	$814.0M
Deferred tax liabilities	$88.0M	$233.0M
Long-term debt	$343.0M	$1.5B
Other long-term liabilities	$935.0M	$417.0M
Noncurrent liabilities held for sale	$0	$575.0M
Total liabilities	$3.1B	$4.8B
Ordinary shares, no par value; 650,000,000 shares authorized; 229,042,390 shares issued and 115,175,268 outstanding at March 28, 2026; 227,672,351 shares issued and 117,913,201 outstanding at March 29, 2025	$0	$0
Treasury shares, at cost (113,867,122 shares at March 28, 2026 and 109,759,150 shares at March 29, 2025)	-$5.5B	-$5.5B
Additional paid-in capital	$1.5B	$1.5B
Accumulated other comprehensive (loss) income	-$323.0M	$57.0M
Retained earnings	$4.4B	$4.3B
Total shareholders equity of Capri	$80.0M	$368.0M
Noncontrolling interest	$4.0M	$4.0M
Total shareholders equity	$84.0M	$372.0M	$1.6B	$1.8B
Total liabilities and shareholders equity	$3.2B	$5.2B
Ordinary shares, shares authorized (in shares)	650.0M shares	650.0M shares
Ordinary shares, shares issued (in shares)	229.0M shares	227.7M shares
Ordinary shares, shares outstanding (in shares)	115.2M shares	117.9M shares
Treasury shares, at cost (in shares)	113.9M shares	109.8M shares

Period ending	2026-03-31	2025-03-31	2024-03-31	2023-03-31
Cash and cash equivalents	$135.0M	$107.0M
Receivables, net	$211.0M	$215.0M
Inventories, net	$581.0M	$701.0M
Prepaid expenses and other current assets	$226.0M	$156.0M
Current assets held for sale	$0	$342.0M
Total current assets	$1.2B	$1.5B
Property and equipment, net	$371.0M	$393.0M
Operating lease right-of-use assets	$854.0M	$825.0M
Intangible assets, net	$562.0M	$582.0M
Goodwill	$202.0M	$199.0M	$253.0M
Deferred tax assets	$0	$0
Other assets	$92.0M	$99.0M
Noncurrent assets held for sale	$0	$1.6B
Total assets	$3.2B	$5.2B
Accounts payable	$311.0M	$379.0M
Accrued payroll and payroll related expenses	$122.0M	$81.0M
Accrued income taxes	$23.0M	$66.0M
Short-term operating lease liabilities	$233.0M	$249.0M
Short-term debt	$14.0M	$24.0M
Accrued expenses and other current liabilities	$251.0M	$233.0M
Current liabilities held for sale	$0	$304.0M
Total current liabilities	$954.0M	$1.3B
Long-term operating lease liabilities	$830.0M	$814.0M
Deferred tax liabilities	$88.0M	$233.0M
Long-term debt	$343.0M	$1.5B
Other long-term liabilities	$935.0M	$417.0M
Noncurrent liabilities held for sale	$0	$575.0M
Total liabilities	$3.1B	$4.8B
Ordinary shares, no par value; 650,000,000 shares authorized; 229,042,390 shares issued and 115,175,268 outstanding at March 28, 2026; 227,672,351 shares issued and 117,913,201 outstanding at March 29, 2025	$0	$0
Treasury shares, at cost (113,867,122 shares at March 28, 2026 and 109,759,150 shares at March 29, 2025)	-$5.5B	-$5.5B
Additional paid-in capital	$1.5B	$1.5B
Accumulated other comprehensive (loss) income	-$323.0M	$57.0M
Retained earnings	$4.4B	$4.3B
Total shareholders equity of Capri	$80.0M	$368.0M
Noncontrolling interest	$4.0M	$4.0M
Total shareholders equity	$84.0M	$372.0M	$1.6B	$1.8B
Total liabilities and shareholders equity	$3.2B	$5.2B
Ordinary shares, shares authorized (in shares)	650.0M shares	650.0M shares
Ordinary shares, shares issued (in shares)	229.0M shares	227.7M shares
Ordinary shares, shares outstanding (in shares)	115.2M shares	117.9M shares
Treasury shares, at cost (in shares)	113.9M shares	109.8M shares

Cash from operations¹¹¹²¹³¹⁴¹⁵⁶$77.0M in 2026−89% since 2019

Capital spending¹¹¹²¹³¹⁴¹⁵⁶$63.0M in 2026−65% since 2019

Free cash flow¹¹¹²¹³¹⁴¹⁵⁶$14.0M in 2026−97% since 2019

Share buybacks¹¹¹²¹³¹⁴¹⁵⁶$81.0M in 2026−61% since 2019

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁶

Period ending	2026-03-31	2025-03-31	2024-03-31
Net income (loss)	$138.0M	-$1.2B	-$229.0M
Net income (loss) from discontinued operations, net of tax	$58.0M	-$653.0M	-$242.0M
Net income (loss) from continuing operations	$80.0M	-$526.0M	$13.0M
Depreciation and amortization	$121.0M	$132.0M	$132.0M
Share-based compensation expense	$34.0M	$50.0M	$55.0M
Impairment of assets	$40.0M	$142.0M	$294.0M
Deferred income taxes	-$12.0M	$333.0M	-$107.0M
Changes to lease related balances, net	-$64.0M	-$97.0M	-$89.0M
Foreign currency losses	-$4.0M	-$2.0M	$31.0M
Other non-cash charges	$24.0M	$12.0M	-$1.0M
Receivables, net	$0	$49.0M	$20.0M
Inventories, net	$133.0M	-$39.0M	$177.0M
Prepaid expenses and other current assets	-$64.0M	$2.0M	-$40.0M
Accounts payable	-$76.0M	$115.0M	-$34.0M
Accrued expenses and other current liabilities	-$15.0M	$13.0M	-$57.0M
Other long-term assets and liabilities	$0	-$30.0M	-$38.0M
Cash Provided by (Used in) Operating Activity, Continuing Operation	$197.0M	$154.0M	$356.0M
Cash Provided by (Used in) Operating Activity, Discontinued Operation	-$120.0M	$127.0M	-$47.0M
Net cash provided by operating activities	$77.0M	$281.0M	$309.0M
Capital expenditures	-$63.0M	-$74.0M	-$135.0M
Cash paid for business acquisitions, net of cash acquired	$0	-$9.0M	$0
Settlement of hedges	$0	$84.0M	$54.0M
Net cash (used in) provided by investing activities of continuing operations	-$63.0M	$1.0M	-$81.0M
Net cash provided by (used in) investing activities of discontinued operations	$1.3B	-$54.0M	-$54.0M
Net cash provided by (used in) investing activities	$1.2B	-$53.0M	-$135.0M
Debt borrowings	$2.3B	$3.3B	$1.7B
Debt repayments	-$3.5B	-$3.5B	-$1.8B
Debt issuance costs	$0	-$7.0M	$0
Repurchase of ordinary shares	-$81.0M	-$4.0M	-$107.0M
Settlement of interest rate swaps	$0	-$13.0M	$0
Exercise of employee share options	$0	$0	$1.0M
Other financing activities	-$1.0M	$0	$0
Net cash used in financing activities of continuing operations	-$1.3B	-$242.0M	-$208.0M
Net cash used in financing activities of discontinued operations	$0	$0	$0
Net cash used in financing activities	-$1.3B	-$242.0M	-$208.0M
Effect of exchange rate changes on cash and cash equivalents	-$25.0M	-$16.0M	-$17.0M
Net decrease in cash, cash equivalents and restricted cash	-$30.0M	-$30.0M	-$51.0M
Cash paid for interest	$45.0M	$87.0M	$96.0M
Cash paid for income taxes	$102.0M	$125.0M	$156.0M
Accrued capital expenditures	$18.0M	$16.0M	$35.0M

Compare Capri Holdings with another company

Corporate structure

Capri Holdings sits at the top of its group. 107 entities, 43 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Capri Holdings

FMR LLC Filed SCHEDULE 13G/A on Capri Holdings, latest Aug 7, 2026 (11 filings since Feb 9, 2022)
VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Capri Holdings, latest Jul 31, 2026
VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Capri Holdings, latest Apr 28, 2026
VANGUARD GROUP INC Filed SCHEDULE 13G/A on Capri Holdings, latest Mar 26, 2026 (6 filings since Feb 9, 2022)
BlackRock Filed SCHEDULE 13G/A on Capri Holdings, latest Jul 17, 2025 (4 filings since Jan 10, 2022)
Senvest Management, LLC Filed SC 13G/A on Capri Holdings, latest Feb 9, 2024 (3 filings since Jun 7, 2022)

Capri Holdings London, United Kingdom
- Jimmy Choo Ltd Subsidiary · London
- Versace Subsidiary · Milano, Italy
- Aruba MK Retail N.V. Subsidiary · Aruba
- Calzaturificio Sicla S.r.l. Subsidiary · Italy
- Capri (Australia) Pty Ltd Subsidiary · Australia
- Capri (BVI) Ventures II Limited Subsidiary · British Virgin Islands
- Capri (BVI) Ventures Limited Subsidiary · British Virgin Islands
- Capri (Switzerland) GmbH Subsidiary · Switzerland
- Capri (Switzerland) Holdings GmbH Subsidiary · Switzerland
- Capri Finance Hong Kong Limited Subsidiary · China
- Capri Finance Malta Limited Subsidiary · Malta
- Capri Finance USA L.L.C. Subsidiary · Delaware, United States
- Capri Footwear Industries S.r.l. Subsidiary · Italy
- Capri Insurance Delaware Limited Subsidiary · Delaware, United States
- Capri Luxury Finance Limited Subsidiary · United Kingdom
- Capri Operations Limited Subsidiary · British Virgin Islands
- Capri UK Holdings Limited Subsidiary · United Kingdom
- Capri UK Intermediate Limited Subsidiary · United Kingdom
- Capri UK Investments Limited Subsidiary · United Kingdom
- Capri UK Ventures 2 Limited Subsidiary · United Kingdom
- Capri UK Ventures Limited Subsidiary · United Kingdom
- Capri USA Holdings LLC Subsidiary · Delaware, United States
- Capri USA Intermediate LLC Subsidiary · Delaware, United States
- Capri USA L.L.C. Subsidiary · Delaware, United States
- FRANCHOO S.A.S Subsidiary · France
- and 77 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Capri Holdings reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Land	$19.0M⁶ Mar 28, 2026	$18.0M⁶ Mar 29, 2025	+5.6%
Buildings and improvements	$62.0M⁶ Mar 28, 2026	$57.0M⁶ Mar 29, 2025	+8.8%
Machinery and equipment	$105.0M⁶ Mar 28, 2026	$104.0M⁶ Mar 29, 2025	+1.0%
Furniture and fixtures	$157.0M⁶ Mar 28, 2026	$153.0M⁶ Mar 29, 2025	+2.6%
Leasehold improvements	$341.0M⁶ Mar 28, 2026	$408.0M⁶ Mar 29, 2025	−16.4%
Construction in progress	$24.0M⁶ Mar 28, 2026	$18.0M⁶ Mar 29, 2025	+33.3%
Accumulated depreciation	$627.0M⁶ Mar 28, 2026	$675.0M⁶ Mar 29, 2025	−7.1%
Property and equipment, net	$371.0M⁶ Mar 28, 2026	$393.0M⁶ Mar 29, 2025	−5.6%
Operating-lease assets (leased space)	$854.0M⁶ Mar 28, 2026	$825.0M⁶ Mar 29, 2025	+3.5%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$135.0M⁶ Mar 28, 2026	$107.0M⁶ Mar 29, 2025	+26.2%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$202.0M⁶ Mar 28, 2026	$199.0M⁶ Mar 29, 2025	+1.5%
Intangible assets, net (excluding goodwill)	$562.0M⁶ Mar 28, 2026	$582.0M⁶ Mar 29, 2025	−3.4%
Indefinite-lived intangibles (excluding goodwill)	$209.0M⁶ Mar 28, 2026	$204.0M⁶ Mar 29, 2025	+2.5%
Finite-lived intangibles, gross	$643.0M⁶ Mar 28, 2026	$637.0M⁶ Mar 29, 2025	+0.9%
Accumulated amortization	$290.0M⁶ Mar 28, 2026	$259.0M⁶ Mar 29, 2025	+12.0%
Finite-lived intangibles, net	$353.0M⁶ Mar 28, 2026	$378.0M⁶ Mar 29, 2025	−6.6%

Inventory

Item	Latest	A year before	Change
Inventory, total	$581.0M⁶ Mar 28, 2026	$701.0M⁶ Mar 29, 2025	−17.1%

Properties, in its own words

The following table sets forth the location, use and size of our significant distribution and corporate facilities as of March 28, 2026, all of which are leased with the exception of our distribution center in the Netherlands, Jimmy Choo product development facility in Italy and luxury footwear factories in Italy, which are owned. The leases expire at various times through Fiscal 2044, subject to renewal options.

Location · Use · ApproximateSquare Footage

The rest of Item 2

Whittier, CA · Michael Kors United States Distribution Center · 1,179,000

Venlo, Netherlands · Michael Kors and Jimmy Choo European Distribution Center · 1,067,000

New York, NY · Michael Kors and Jimmy Choo United States Corporate Offices · 199,000

Montreal, Quebec · Michael Kors and Jimmy Choo Canada Corporate Offices and Distribution Center · 150,000

Arezzo, Italy · Sicla Luxury Shoe Factory · 90,000

Florence, Italy · Jimmy Choo Product Development Facility · 54,000

Pistoia, Italy · Capri Luxury Shoe Factory · 41,000

Shanghai, China · Michael Kors and Jimmy Choo Regional Corporate Offices · 35,000

East Rutherford, NJ · Michael Kors United States Corporate Offices · 31,000

Milan, Italy · Michael Kors Regional Corporate Offices and Showroom · 25,000

London, England · Jimmy Choo Corporate Offices · 24,000

London, England · Capri Corporate Headquarters and Michael Kors Regional Corporate Offices · 19,000

Manno, Switzerland · Michael Kors European Corporate Offices · 18,000

As of March 28, 2026, we also occupied 884 leased retail stores worldwide (including concessions). We consider our properties to be in good condition and believe that our facilities are adequate for our operations and provide sufficient capacity to meet our anticipated requirements.

Item 2 of the 10-K filed May 27, 2026.²⁰

Stakes and holdings (Wikidata)

Jimmy Choo Ltd
Michael Kors
Versace

Things Wikidata records the company as owning, with the share when stated.¹

The story

Founded by Michael Kors in 2002.¹

Background

Founder Michael Kors enrolled at the Fashion Institute of Technology in New York City in 1977, but dropped out after nine months. Taking a job as a sales person at a boutique called Lothar's across from Bergdorf Goodman on 57th Street in Midtown Manhattan, he later became both the designer and visual display head for the store.

History

Noticing the displays and garments, Bergdorf's fashion director Dawn Mello asked if he would show his collection to Bergdorf Goodman's buyers. In 1981, Kors launched his Michael Kors women's label at Bergdorf Goodman. In 1990, the company launched KORS Michael Kors as a licensee.

In 1993, the company was forced into a Chapter 11 filing, caused by the closure of the licensing partner for KORS Michael Kors. Putting the KORS line on hold, he designed for other labels before relaunching in 1997 with a lower-priced line, and in the same year was named the first women's ready-to-wear designer for French house Celine.

In 2002, Kors launched his menswear line. Kors left Celine in October 2003 to concentrate on his own brand via holding company Michael Kors Holdings Limited (MKH Ltd), relaunched with a majority $100 million investment from Canadian fashion investor Lawrence Stroll and his Hong Kong-based partner Silas Chou, who had previously purchased Tommy Hilfiger in 1989. John D. Idol was subsequently appointed CEO of the company, with a shareholding interest. The MICHAEL Michael Kors line was launched in 2004, which included women's handbags and shoes as well as women's ready-to-wear apparel.

In 2011, Stroll and Chou led an initial public offering in MKH Ltd on to the New York Stock Exchange, making them and Michael Kors billionaires. In June 2018, Chou sold the last of his investment in Kors.

In July 2017, MKH Ltd bought Jimmy Choo Ltd for £897 million. In September 2018, MKH Ltd announced a deal to take over Versace. The Italian fashion group was valued at $2.1 billion. Capri Holdings has planned to up Versace's global retail footprint from approximately 200 to 300 stores. On January 2, 2019 after closing the deal, the company was renamed to Capri Holdings.

Tapestry, Inc. agreed to acquire Capri for $8.5 billion in August 2023. In April 2024, the U.S. Federal Trade Commission sued to block the acquisition citing reduced competition between their brands, like Coach and Michael Kors, in the affordable luxury handbag market. It was also concerned that the deal would negatively impact hiring of workers and their wages. Responding to the suit, Tapestry and Capri said they would fight it in court with the aim of closing the transaction by the end of 2024. The merger was blocked on October 24, 2024. Capri and Tapestry committed to appealing the decision, but called off the merger the following month.

On April 10, 2025, Capri Holdings finalized the sale of Versace to Prada for 1.25 billion euros.

From Wikipedia’s article on Capri Holdings, shared under CC BY-SA 4.0.⁸

Leadership

Who has led Capri Holdings, and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

Chief financial officer

Chief operating officer

20052010201520202025

FounderMichael Kors¹
Chief executive officerCedric Wilmotte Apr 4, 2023 to Jun 20, 2024²¹
Chief executive officerJoshua Schulman Aug 27, 2021 to Sep 3, 2021²²
Chief executive officerJohn D. Idol Apr 1, 2013 to Aug 27, 2021²³
ChairJohn D. Idol Apr 1, 2013 to now²³
ChairMichael Kors Apr 1, 2013 to Dec 11, 2018²⁴
Chief financial officerTyler Charles Reddien Mar 30, 2026 to now²⁵
Chief financial officerRajal Mehta Jun 26, 2025 to Mar 30, 2026²⁶
Chief financial officerJoseph B. Parsons Apr 1, 2013 to Jun 19, 2017²⁷
Chief operating officerTyler Charles Reddien Mar 30, 2026 to now²⁵
Chief operating officerJoseph B. Parsons Apr 1, 2013 to Jun 19, 2017²⁷

Board members and other officers (18)

SVP, Chief People OfficerJenna Hendricks Jun 4, 2021 to now²⁸
SVP, Global OpsDaniel Purefoy Apr 3, 2020 to Jun 22, 2022²⁹
SVP, GC & Chf Sustain OffKrista A. McDonough Nov 5, 2019 to Jun 20, 2024³⁰
SVP, Global OpsCathy Marie Robinson May 21, 2014 to Jun 21, 2019³¹
SVP, Chief HR OfficerPascale Meyran Sep 22, 2014 to Jun 19, 2019³²
SVP, Global OperationsBritton Russell Apr 1, 2013 to Jun 4, 2014³³
SVP Bus Affairs, GC & SecLee S. Sporn Apr 1, 2013 to Sep 6, 2016³⁴
Board memberMahesh Madhavan Mar 30, 2023 to now³⁵
Board memberMarilyn C. Crouther Jun 1, 2021 to now³⁶
Board memberRobin Anthony David Freestone Nov 8, 2016 to now³⁷
Board memberJane A. Thompson Feb 4, 2015 to now³⁸
Board memberAnn McLaughlin Korologos Apr 1, 2013 to Aug 4, 2022³⁹
Board memberJean Tomlin Apr 1, 2013 to now⁴⁰
Board memberJudy Gibbons Apr 1, 2013 to now⁴¹
Board memberM. William Benedetto Apr 1, 2013 to Jul 29, 2021⁴²
Board memberSilas K.f. Chou Apr 1, 2013 to Sep 10, 2014⁴³
Board memberStephen F. Reitman Apr 1, 2013 to now⁴⁴
General counselKrista A. McDonough Oct 11, 2016 to now⁴⁵

Products and brands

By 2014, the annual revenue for the company was $3.2 billion, with a net income of $670 million. By April 2017, the company had 827 full-price or outlet stores and 133 licensed stores. Since 2017, the company said that it would no longer use animal fur in any of its products. In 2018, Michael Kors announced two new stores, one in Waterloo, New York, as well as one in the Fairview Park Mall in Kitchener, Ontario.

Capri Holdings posted a $1.18 billion loss in fiscal 2025 as revenues decreased 21% from $5.6 billion to $4.4 billion.

From Wikipedia’s article on Capri Holdings, shared under CC BY-SA 4.0.⁸

Subsidiaries and ownership

Also owns

Jimmy Choo Ltd
Michael Kors
Versace since Sep 2018

Subsidiaries (Exhibit 21)

Aruba MK Retail N.V. Aruba⁹
Calzaturificio Sicla S.r.l. Italy⁹
Capri (Australia) Pty Ltd Australia⁹
Capri (BVI) Ventures II Limited British Virgin Islands⁹
Capri (BVI) Ventures Limited British Virgin Islands⁹
Capri (Switzerland) GmbH Switzerland⁹
Capri (Switzerland) Holdings GmbH Switzerland⁹
Capri Finance Hong Kong Limited Hong Kong, China⁹
Capri Finance Malta Limited Malta⁹
Capri Finance USA L.L.C. Delaware⁹
Capri Footwear Industries S.r.l. Italy⁹
Capri Insurance Delaware Limited Delaware⁹
Capri Luxury Finance Limited United Kingdom⁹
Capri Operations Limited British Virgin Islands⁹
Capri UK Holdings Limited United Kingdom⁹
Capri UK Intermediate Limited United Kingdom⁹
Capri UK Investments Limited United Kingdom⁹
Capri UK Ventures 2 Limited United Kingdom⁹
Capri UK Ventures Limited United Kingdom⁹
Capri USA Holdings LLC Delaware⁹
Capri USA Intermediate LLC Delaware⁹
Capri USA L.L.C. Delaware⁹
FRANCHOO S.A.S France⁹
ITACHOO S.r.l. Italy⁹

All 101 listed subsidiaries

J Choo (Switzerland) AG Switzerland⁹
J Choo Florida, Inc. Delaware⁹
J Choo Germany GmbH Germany⁹
J Choo USA, Inc. Delaware⁹
J. Choo (Asia) Limited Hong Kong, China⁹
J. Choo (Belgium) BVBA Belgium⁹
J. Choo (Macau) Co., Limited Macau, China⁹
J. Choo (Thailand) Co., Ltd. Thailand⁹
J. Choo Austria GmbH Austria⁹
J. Choo Canada Inc. Canada⁹
J. Choo Czech, s.r.o. Czech Republic⁹
J. Choo Denmark ApS Denmark⁹
J. Choo Hungary Kft Hungary⁹
J. Choo Limited United Kingdom⁹
J. Choo Netherlands B.V. Netherlands⁹
J. Choo Portugal, Unipessoal LDA Portugal⁹
J. Choo Russia JV Limited United Kingdom⁹
JIMMY CHOO SPAIN S.L.U. Spain⁹
Jimmy Choo (Malaysia) Sdn. Bhd Malaysia⁹
Jimmy Choo (Shanghai) Trading Co. Limited China⁹
Jimmy Choo (Singapore) Pte. Ltd. Singapore⁹
Jimmy Choo Florence S.r.l. Italy⁹
Jimmy Choo Group Limited United Kingdom⁹
Jimmy Choo Hong Kong Limited Hong Kong, China⁹
Jimmy Choo Korea Limited South Korea⁹
Jimmy Choo Tokyo K.K. Japan⁹
MK (Panama) Holdings, Inc. Panama⁹
MK (Panama) Operations, Inc. Panama⁹
MK (Shanghai) Commercial Trading Company Limited China⁹
MK Chile SpA Chile⁹
MK Holetown (Barbados) Inc. Barbados⁹
MK Operations E-zone Curacao N.V. Curaçao⁹
MK Panama Retail, S.A. Panama⁹
MK Retail Operation CR S.A. Costa Rica⁹
MKJC Limited British Virgin Islands⁹
Michael Kors (Austria) GmbH Austria⁹
Michael Kors (Bucharest Store) S.R.L. Romania⁹
Michael Kors (Canada) Holdings Ltd. Canada⁹
Michael Kors (Czech Republic) s.r.o. Czech Republic⁹
Michael Kors (Denmark) ApS Denmark⁹
Michael Kors (Europe) B.V. Netherlands⁹
Michael Kors (France) SAS France⁹
Michael Kors (Germany) GmbH Germany⁹
Michael Kors (HK) Limited Hong Kong, China⁹
Michael Kors (Hungary) Kft. Hungary⁹
Michael Kors (Ireland) Limited Ireland⁹
Michael Kors (Latvia) SIA Latvia⁹
Michael Kors (Luxembourg) Retail S.à r.l. Luxembourg⁹
Michael Kors (Netherlands) B.V. Netherlands⁹
Michael Kors (Poland) Sp. z o.o. Poland⁹
Michael Kors (Portugal) Lda. Portugal⁹
Michael Kors (Sweden) AB Sweden⁹
Michael Kors (Switzerland) GmbH Switzerland⁹
Michael Kors (Switzerland) International GmbH Switzerland⁹
Michael Kors (Switzerland) Retail GmbH Switzerland⁹
Michael Kors (UK) Limited United Kingdom⁹
Michael Kors (USA) Holdings, Inc. Delaware⁹
Michael Kors (USA), Inc. Delaware⁹
Michael Kors Aviation, L.L.C. Delaware⁹
Michael Kors Belgium BV Belgium⁹
Michael Kors Colombia SAS Colombia⁹
Michael Kors Do Brasil Comercio De Accesorios E Vestuario Ltda. Brazil⁹
Michael Kors Dominicana S.A.S. Dominican Republic⁹
Michael Kors Guatemala, Soceidad Anónima Guatemala⁹
Michael Kors Italy S.R.L. Con Socio Unico Italy⁹
Michael Kors Japan, LLC Japan⁹
Michael Kors Korea Yuhan Hoesa South Korea⁹
Michael Kors Limited Hong Kong, China⁹
Michael Kors Peru Soceidad Anónima Cerrada Peru⁹
Michael Kors Retail, Inc. Delaware⁹
Michael Kors Spain, S.L.U. Spain⁹
Michael Kors Stores (California), LLC Delaware⁹
Michael Kors Stores, L.L.C. New York⁹
Michael Kors Trading (Shanghai) Company Limited China⁹
Michael Kors Virginia, LLC Virginia⁹
Michael Kors, L.L.C. Delaware⁹
UAB Michael Kors (Lithuania) Lithuania⁹

From Wikidata.¹ The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

Sep 2018Acquired Versace¹

Former names

Michael Kors Holdings LtdDec 2, 2011 to Dec 21, 2018⁷

Timeline

Sep 16, 20268-K Other events⁴⁶
Aug 5, 20268-K Results of operations⁴⁷
Jul 30, 20268-K Shareholder vote⁴⁸
Jun 25, 20268-K Entered a material agreement; New debt or obligation⁴⁹
Jun 16, 20268-K Executive or director change⁵⁰
May 27, 20268-K Results of operations⁵¹
Apr 9, 20268-K Executive or director change⁵²
Feb 25, 20268-K Executive or director change; Regulation FD disclosure⁵³
Feb 3, 20268-K Results of operations⁵⁴
Dec 2, 20258-K Completed an acquisition or sale; Executive or director change; Regulation FD disclosure⁵⁵
Nov 4, 20258-K Results of operations; Other events⁵⁶
Aug 7, 20258-K Shareholder vote⁵⁷
Apr 4, 2023New chief executive Cedric Wilmotte becomes CEO²¹
Aug 27, 2021New chief executive Joshua Schulman becomes CEO²²
Sep 2018Acquisition Acquired Versace¹
Apr 1, 2013New chief executive John D. Idol becomes CEO¹
2002Founded Founded¹

Calendar

Coming up

Oct 30, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported ($0.03) a share, on Nov 4, 2025.⁵⁸

When it reported results

Aug 5, 2026Reported quarterly or annual results⁴⁷
May 27, 2026Reported quarterly or annual results⁵¹
Feb 3, 2026Reported quarterly or annual results⁵⁴
Nov 4, 2025Reported quarterly or annual results⁵⁶
Aug 6, 2025Reported quarterly or annual results⁵⁹
May 28, 2025Reported quarterly or annual results⁶⁰
Feb 5, 2025Reported quarterly or annual results⁶¹
Nov 7, 2024Reported quarterly or annual results⁶²

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

261 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 119 insider forms, 26 large holders, 40 other. The latest 20:

Sep 16, 20268-K EDGAR
Aug 27, 2026144 EDGAR
Aug 19, 20264/A OWNERSHIP DOCUMENT EDGAR
Aug 19, 20264/A OWNERSHIP DOCUMENT EDGAR
Aug 19, 20264/A OWNERSHIP DOCUMENT EDGAR
Aug 7, 2026SCHEDULE 13G/A EDGAR
Aug 6, 2026SCHEDULE 13G/A EDGAR
Aug 5, 202610-Q EDGAR
Aug 5, 20268-K EDGAR
Aug 5, 2026S-8 EDGAR
Jul 31, 2026SCHEDULE 13G EDGAR
Jul 31, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 31, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 31, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 31, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 31, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 31, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 31, 20264 OWNERSHIP DOCUMENT EDGAR
Jul 30, 20268-K EDGAR
Jun 25, 20268-K EDGAR

The 261 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 3 buys and 13 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jun 8, 2026	Reitman Stephen FDirector	Sale	17,981	$19.42	$349.2K	Form 4
May 29, 2026	McDonough Krista AChief Legal & Sustain Officer	Sale	92,236	$18.51	$1.7M	Form 4
Mar 11, 2026	IDOL JOHN DChairman & CEO	Buy	55,000	$17.98	$988.9K	Form 4
Dec 9, 2025	Mehta RajalInterim CFO	Sale	10,000	$25.96	$259.6K	Form 4
Mar 17, 2023	Edwards Thomas Jr.EVP, CFO & COO	Buy	4,900	$41.07	$201.2K	Form 4
Mar 16, 2023	IDOL JOHN DChairman & CEO	Buy	240,000	$41.57	$10.0M	Form 4
Aug 29, 2022	Gibbons JudyDirector	Sale	4,920	$48.88	$240.5K	Form 4
Jun 3, 2022	IDOL JOHN DChairman & CEO	Sale	3,803	$49.63	$188.7K	Form 4
Mar 10, 2022	Purefoy DanielSVP, Global Ops & Head of D&I	Sale	1,950	$50.80	$99.1K	Form 4
Feb 23, 2022	Edwards Thomas Jr.EVP, CFO & COO	Sale	12,091	$66.91	$809.0K	Form 4
Feb 11, 2022	IDOL JOHN DChairman & CEO	Sale	31,404	$69.25	$2.2M	Form 4
Feb 10, 2022	IDOL JOHN DChairman & CEO	Sale	72,397	$70.39	$5.1M	Form 4
Dec 6, 2021	Purefoy DanielSVP, Global Ops & Head of D&I	Sale	783	$64.39	$50.4K	Form 4
Nov 9, 2021	IDOL JOHN DChairman & CEO	Sale	1,900	$65.27	$124.0K	Form 4
Nov 8, 2021	IDOL JOHN DChairman & CEO	Sale	202,175	$65.12	$13.2M	Form 4
Nov 5, 2021	IDOL JOHN DChairman & CEO	Sale	368,686	$65.87	$24.3M	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

FMR LLCSCHEDULE 13G/A, 11 filings Feb 9, 2022 to Aug 7, 2026⁶³
VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Jul 31, 2026⁶⁴
VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 28, 2026⁶⁵
VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 9, 2022 to Mar 26, 2026⁶⁶
BlackRockSCHEDULE 13G/A, 4 filings Jan 10, 2022 to Jul 17, 2025⁶⁷
Senvest Management, LLCSC 13G/A, 3 filings Jun 7, 2022 to Feb 9, 2024⁶⁸

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Age	Salary	Total pay
2026	John D. IdolChairman and Chief Executive Officer	67	$1.4M	$11.9M⁶⁹
2026	Krista McDonoughChief Legal and Sustainability Officer	46	$1.3M	$2.9M⁶⁹
2026	Jenna HendricksChief People Officer	45	$1.3M	$2.8M⁶⁹
2026	Rajal MehtaFormer Interim Chief Financial Officer		$500.0K	$1.5M⁶⁹
2026	Thomas J. Edwards, Jr.Former Chief Financial Officer and Chief Operating Officer			$192.8K⁶⁹
2025	John D. IdolChairman and Chief Executive Officer	67	$1.4M	$9.1M⁶⁹
2025	Thomas J. Edwards, Jr.Former Chief Financial Officer and Chief Operating Officer		$800.0K	$4.4M⁶⁹
2025	Krista McDonoughChief Legal and Sustainability Officer	46	$550.0K	$2.3M⁶⁹
2025	Jenna HendricksChief People Officer	45	$500.0K	$1.8M⁶⁹
2024	John D. IdolChairman and Chief Executive Officer	67	$1.4M	$10.5M⁶⁹
2024	Thomas J. Edwards, Jr.Former Chief Financial Officer and Chief Operating Officer		$800.0K	$4.0M⁶⁹
2024	Krista McDonoughChief Legal and Sustainability Officer	46	$550.0K	$2.4M⁶⁹
2024	Jenna HendricksChief People Officer	45	$500.0K	$2.3M⁶⁹

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Jun 17, 2025	Lisa C. McClainRepublican, House	Sale	$1,001 - $15,000	+34.4%	Report
Jun 11, 2025	Lisa C. McClainRepublican, House	Buy	$1,001 - $15,000	−39.9%	Report
Apr 29, 2025	Gilbert Ray Cisneros, Jr.Democratic, House	Sale	$1,001 - $15,000	+33.0%	Report
Mar 18, 2020	Gilbert Ray Cisneros, Jr.Democratic, House	Buy	$1,001 - $15,000	−109.5%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Capri Holdings is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARCapri Holdings Ltd²
CIK0001530721
Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company²⁰
Incorporated inBritish Virgin Islands²⁰
Fiscal year endsMarch 29²
Industry code (SIC)3100 Leather & Leather Products²
SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance²
Business address90 Whitfield Street, 2Nd Floor, London, X0 W1T 4EZ²
Phone44 207 632 8600²
Shares outstanding113,651,618 as of Jul 31, 2026¹⁸
Public float$2.3B as of Sep 26, 2025²⁰
AuditorErnst & Young LLP, New York, New York PCAOB ID 42; it also attests to the company’s internal control over financial reporting²⁰
On EDGAR sinceDec 2, 2011²
Filings821 in all: 4 (362), 8-K (130), SC 13G/A (52), 10-Q (40), 3 (26), SC 13G (24), 6-K (22), DEFA14A (21)²
All 39 form types
10-K (14), DEF 14A (14), SD (13), UPLOAD (13), 4/A (12), CORRESP (10), SCHEDULE 13G/A (9), 144 (6), S-8 (6), 424B4 (4), 5 (4), ARS (4), FWP (4), EFFECT (3), F-1 (3), F-1/A (3), NT 10-Q (3), SCHEDULE 13G (3), 424B7 (2), 8-K/A (2), F-1MEF (2), 20-F (1), 424B3 (1), 6-K/A (1), 8-A12B (1), CERTNYS (1), CT ORDER (1), DEFM14A (1), F-3ASR (1), PREM14A (1), S-3ASR (1)
Latest filingsAnnual report (10-K) May 27, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Jun 16, 2026
Latest 8-K (8-K) Sep 16, 2026

Securities registered for trading

Class	Symbol	Exchange
Ordinary Shares, no par value	CPRI	New York Stock Exchange

From the cover page of the 10-K filed May 27, 2026 (Section 12(b) of the Exchange Act).²⁰

Risk factors and legal proceedings

The risks Capri Holdings names in Item 1A of its 10-K filed May 27, 2026: 39 risks under these headings, as written.²⁰

Risks Related to Macroeconomic Conditions
The accessories, footwear and apparel industries are heavily influenced by general macroeconomic cycles that affect consumer spending and a prolonged period of depressed consumer spending could materially adversely affect demand for our products, pricing dynamics and our ability to manage inventory levels and margins.
Risks Related to Our Industry
We may not be able to respond to changing fashion and retail trends in a timely manner, which could have a material adverse effect on our brands, business, results of operations and financial condition.
The markets in which we operate are highly competitive, both within North America and internationally, and increased competition based on a number of factors could cause our profitability and/or gross margins to decline.
Risks Related to Our Business
We face risks associated with operating globally.
If we are unable to effectively execute our e-commerce business strategy and provide a reliable digital experience for our customers, our reputation and operating results may be harmed.
The departure of key employees or our failure to attract and retain qualified personnel could have a material adverse effect on our business.
Our inability to execute on our standalone growth strategies or cost reduction measures could have a material adverse effect on our business, results of operations and financial condition.
Our business could suffer as a result of reductions in our wholesale channel and/or consolidations, liquidations, restructurings and other ownership changes by our wholesale partners.
Our retail stores are heavily dependent on the ability and desire of consumers to travel and shop and a decline in consumer traffic could have a negative effect on our comparable store sales and store profitability resulting in impairment charges, which could have a material adverse effect on our business, results of operations and financial condition.

The other 30 risks

Our business may be subject to increased costs and a decline in profitability as a result of increasing pressure on margins if we misjudge the demand for our products.
We may incur significant goodwill and/or intangible asset impairment charges with respect to one or more of our brands which could have a material adverse impact on our results of operations and financial condition.
Our current and future licensing and joint venture arrangements may not be successful and may make us susceptible to the actions of third-parties over whom we have limited control.
We are subject to risks associated with leasing retail space subject to long-term and non-cancelable leases. We may be unable to renew leases at the end of their terms. If we close a leased retail space, we remain obligated under the applicable lease.
We are dependent on a limited number of distribution facilities. If one or more of our distribution facilities experience operational difficulties or becomes inoperable, it could have a material adverse effect on our business, results of operations and financial condition.
We are dependent on third-parties to perform certain outsourced functions.
Increases in the cost of raw materials could increase our production costs and cause our operating results and financial condition to suffer.
We primarily use foreign manufacturing contractors and independent third-party agents to source our finished goods.
Our business is exposed to foreign currency exchange rate fluctuations and our use of foreign currency hedging instruments may not fully mitigate our exposure to exchange rate fluctuations and could materially adversely affect our financial condition and results of operations.
Risks Related to Information Technology and Data Security
Privacy breaches and other cybersecurity risks related to our business could negatively affect our reputation, credibility and business.
A material delay or disruption in our information technology systems or e-commerce websites or our failure or inability to upgrade our information technology systems precisely and efficiently could have a material adverse effect on our business, results of operations and financial condition.
Risks Related to Environmental, Social and Governance Issues
Increased scrutiny from investors and others regarding our corporate social responsibility initiatives, including environmental, social and other matters of significance relating to sustainability, and changing regulatory requirements around ESG could result in additional costs or risks and adversely impact our reputation.
Our business is susceptible to the risks associated with climate change and other environmental impacts which could negatively affect our business and operations.
Risks Related to Tax, Legal and Regulatory Matters
Fluctuations in our tax obligations and changes in tax laws, treaties and regulations may have a material adverse impact on our future effective tax rates and results of operations.
We maintain a valuation allowance for our deferred tax assets where future realization is uncertain, and our inability to fully utilize those assets in future periods may have an adverse impact on our financial condition and results of operations.
If we fail to comply with labor laws or collective bargaining agreements, or if our independent manufacturing contractors fail to use acceptable, ethical business practices, our business and reputation could suffer.
We may be unable to protect our trademarks, copyrights and other intellectual property rights, and others may allege that we infringe upon their intellectual property rights.
We self-insure certain risks and may be impacted by unfavorable claims experience.
We are subject to various proceedings, lawsuits, disputes and claims in the ordinary course of business which could have an adverse impact on our business, financial condition and results of operations.
We are subject to securities class action litigation which could result in significant costs and liability.
Risks Related to Our Debt
Although we have reduced our level of indebtedness, our access to and cost of borrowing, as well as our ability to service or refinance debt, could still be adversely affected by market conditions and other factors.
We may be unable to meet financial covenants in our indebtedness agreements which could result in an event of default and restrictive covenants in such agreements may restrict our ability to pursue our business strategies.
If one or more of our counterparty financial institutions default on their obligations to us, we may incur significant losses or our financial liquidity could be adversely impacted.
Risks Related to Our Ordinary Shares
Our share price may periodically fluctuate based on forward-looking expectations regarding our financial performance.
If we are unable to conduct share repurchases at expected levels, our share price could be adversely affected.
Failure to maintain adequate financial and management processes and controls could lead to errors in our financial reporting, which could harm our business and cause a decline in the price of our ordinary shares.
Rights of shareholders under British Virgin Islands law differ from those under United States law, and, accordingly, our shareholders may have fewer protections.
The laws of the British Virgin Islands provide limited protection for minority shareholders, so minority shareholders will have limited or no recourse if they are dissatisfied with the conduct of our affairs.
It may be difficult to enforce judgments against us or our executive officers and directors in jurisdictions outside the United States.
British Virgin Islands companies may not be able to initiate shareholder derivative actions, thereby depriving shareholders of one avenue to protect their interests.

Legal proceedings

Ordinary Course Litigation

We are involved in various routine legal proceedings incident to the ordinary course of our business. We believe that the outcome of all pending legal proceedings, in the aggregate, will not have a material adverse effect on our business, results of operations and financial condition.

Litigation Related to Terminated Merger

On December 23, 2024 and January 28, 2025, two purported shareholders of Capri filed putative class action complaints in the United States District Court for the District of Delaware against Capri, Tapestry and certain of their officers (including John D. Idol, our Chairman and Chief Executive Officer, and Thomas J. Edwards, Jr., our former Chief Financial and Chief Operating Officer) alleging violations of the federal securities laws based on certain statements by defendants concerning the previously proposed Merger and the FTC’s action to enjoin the Merger. The Court appointed the lead plaintiff on March 7, 2025, and on May 15, 2025, the lead plaintiff filed the Consolidated Securities Law Complaint. The Consolidated Securities Law Complaint sought to bring federal securities claims on behalf of a class of all persons who purchased Capri stock and sold Capri puts between August 10, 2023 and October 24, 2024. On March 31, 2026, the Court granted our motion to dismiss the Consolidated Securities Law Complaint without prejudice. On April 30, 2026, plaintiff's filed the First Amended Complaint. This litigation remains pending. Defending this litigation, even where claims are ultimately resolved in our favor, is costly and time‑consuming and an adverse outcome in this matter could result in substantial monetary damages, which may not be fully covered by available insurance.

The opening of Item 3, Legal Proceedings.²⁰

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataCapri Holdings on Wikidata
2
SEC EDGARCapri Holdings filings on SEC EDGAR
3
WikipediaCapri Holdings on Wikipedia
4
GLEIFCapri Holdings LEI record (549300LPG8W0H1OX3A26)
5
Wikimedia CommonsCapri Holdings logo by Capri Holdings, Public domain
6
SEC EDGARCapri Holdings 10-K for fiscal 2026
7
SEC EDGARCapri Holdings filings on SEC EDGAR
8
WikipediaCapri Holdings on Wikipedia (revision used)
9
SEC EDGARCapri Holdings annual report, Exhibit 21 (subsidiaries)
10
Wikimedia CommonsCapri Holdings photo by Spera ( http://www.spera.de ), CC BY 2.0
11
SEC EDGARCapri Holdings 10-K for fiscal 2019
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SEC EDGARCapri Holdings 10-K for fiscal 2020
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SEC EDGARCapri Holdings 10-K for fiscal 2021
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SEC EDGARCapri Holdings 10-K for fiscal 2022
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SEC EDGARCapri Holdings 10-K for fiscal 2023
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SEC EDGARCapri Holdings 10-Q for fiscal 2025
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SEC EDGARCapri Holdings 10-Q for fiscal 2025
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SEC EDGARCapri Holdings 10-Q for fiscal 2026
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SEC EDGARCapri Holdings 10-K for fiscal 2019
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SEC EDGARCapri Holdings 10-K filed May 27, 2026: Item 2, Properties
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SEC EDGARCedric Wilmotte, Chief executive officer
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SEC EDGARJoshua Schulman, Chief executive officer
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Wikidata and SEC EDGARJohn D. Idol, Chief executive officer
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SEC EDGARMichael Kors, Chair
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SEC EDGARTyler Charles Reddien, Chief financial officer
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SEC EDGARRajal Mehta, Chief financial officer
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SEC EDGARJoseph B. Parsons, Chief financial officer
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SEC EDGARJenna Hendricks, SVP, Chief People Officer
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SEC EDGARDaniel Purefoy, SVP, Global Ops
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SEC EDGARKrista A. McDonough, SVP, GC & Chf Sustain Off
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SEC EDGARCathy Marie Robinson, SVP, Global Ops
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SEC EDGARPascale Meyran, SVP, Chief HR Officer
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SEC EDGARBritton Russell, SVP, Global Operations
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SEC EDGARLee S. Sporn, SVP Bus Affairs, GC & Sec
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SEC EDGARMahesh Madhavan, Board member
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SEC EDGARMarilyn C. Crouther, Board member
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SEC EDGARRobin Anthony David Freestone, Board member
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SEC EDGARJane A. Thompson, Board member
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SEC EDGARAnn McLaughlin Korologos, Board member
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SEC EDGARJean Tomlin, Board member
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SEC EDGARJudy Gibbons, Board member
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SEC EDGARM. William Benedetto, Board member
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SEC EDGARSilas K.f. Chou, Board member
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SEC EDGARStephen F. Reitman, Board member
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SEC EDGARKrista A. McDonough, General counsel
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SEC EDGAROther events
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SEC EDGARResults of operations
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SEC EDGARShareholder vote
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SEC EDGAREntered a material agreement; New debt or obligation
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SEC EDGARExecutive or director change
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SEC EDGARResults of operations
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SEC EDGARExecutive or director change
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SEC EDGARExecutive or director change; Regulation FD disclosure
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SEC EDGARResults of operations
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SEC EDGARCompleted an acquisition or sale; Executive or director change; Regulation FD disclosure
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SEC EDGARResults of operations; Other events
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SEC EDGARShareholder vote
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NasdaqNasdaq calendar
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SEC EDGARCapri Holdings 8-K, Item 2.02 (results of operations)
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SEC EDGARCapri Holdings 8-K, Item 2.02 (results of operations)
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SEC EDGARCapri Holdings 8-K, Item 2.02 (results of operations)
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SEC EDGARCapri Holdings 8-K, Item 2.02 (results of operations)
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SEC EDGARFMR LLC SCHEDULE 13G/A on Capri Holdings
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SEC EDGARVANGUARD PORTFOLIO MANAGEMENT LLC SCHEDULE 13G on Capri Holdings
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SEC EDGARVANGUARD CAPITAL MANAGEMENT LLC SCHEDULE 13G on Capri Holdings
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SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on Capri Holdings
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SEC EDGARBlackRock SCHEDULE 13G/A on Capri Holdings
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SEC EDGARSenvest Management, LLC SC 13G/A on Capri Holdings
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SEC EDGARCapri Holdings proxy statement (DEF 14A), 2026 pay