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Behind glam luxury brands Michael Kors and Jimmy Choo lurks a troubled holding company losing millions
Yahoo Finance· 2026-01-02 09:13
Simeon Siegel, senior managing director at Guggenheim Partners, said Capri is also facing off against rival Tapestry , which has seen significant success with its Coach brand. “Tapestry is the hero of retail and they have succeeded like no other with Coach,” said Siegel, who notes that the rest of the Tapestry portfolio, which includes Kate Spade and Stuart Weitzman, has lagged. Coach’s revenues tell the opposite story of Capri. In fiscal 2023 , Coach saw $4.96 billion in sales, which climbed to $5.1 billio ...