Introduction
Michael Kors Holdings, now known as Capri Holdings Limited, is a global fashion luxury group that was founded by American fashion designer Michael Kors. The company has a rich history in the fashion industry, known for its high-end accessories, footwear, and ready-to-wear clothing. In this article, we will delve into the background of Michael Kors Holdings, its parent company, Capri Holdings Limited, and its various acquisitions and partnerships.
Official Website
The official website of Capri Holdings Limited is www.capriholdings.com. This website serves as a platform for customers and investors to explore the brands under the Capri Holdings umbrella, including Michael Kors, Versace, and Jimmy Choo. The website also provides information on the company's financial performance, corporate governance, and sustainability initiatives.
Business Data for Capri Holdings Limited
As of the latest available data, Capri Holdings Limited has shown a strong financial performance. The company's revenue for the fiscal year ending March 2021 was $4.2 billion, with a net income of $297 million. Capri Holdings operates over 1,000 retail stores worldwide and has a presence in over 100 countries. The company's stock is listed on the New York Stock Exchange under the ticker symbol CPRI.
Michael Kors Owned by Capri Holdings Limited
Michael Kors, the eponymous brand founded by the designer in 1981, is now owned by Capri Holdings Limited. The acquisition of Michael Kors by Capri Holdings in 2017 marked a significant milestone for both companies. Under the leadership of Capri Holdings, Michael Kors has continued to expand its product offerings and global presence.
Parent Company of Michael Kors
Capri Holdings Limited is the parent company of Michael Kors, along with other luxury fashion brands such as Versace and Jimmy Choo. The company was rebranded as Capri Holdings in 2018 to reflect its diversified portfolio of luxury brands. Capri Holdings is headquartered in London, United Kingdom, and is led by CEO John D. Idol.
Who Owns Capri Holdings?
Capri Holdings Limited is a publicly traded company, with ownership distributed among institutional investors, mutual funds, and individual shareholders. The largest shareholders of Capri Holdings include investment firms such as BlackRock and Vanguard Group. As of the latest filings, Michael Kors himself retains a significant ownership stake in the company.
What Does Capri Holdings Own?
In addition to Michael Kors, Capri Holdings owns two other prominent luxury fashion brands: Versace and Jimmy Choo. Versace, the Italian luxury fashion house known for its bold designs and iconic Medusa logo, was acquired by Capri Holdings in 2018. Jimmy Choo, the British luxury footwear brand, joined the Capri Holdings portfolio in 2017. Together, these brands cater to different segments of the luxury market, from accessible luxury to high-end couture.
Jimmy Choo Parent Company
Jimmy Choo is a subsidiary of Capri Holdings Limited, making it a sister brand to Michael Kors and Versace. Founded in 1996 by Malaysian designer Jimmy Choo, the brand is renowned for its glamorous footwear and accessories. Under the ownership of Capri Holdings, Jimmy Choo has expanded its product offerings and global retail presence, solidifying its position as a leading luxury footwear brand.
Coach and Michael Kors Merger
There have been no reported merger between Coach and Michael Kors. However, both companies are prominent players in the fashion industry, known for their distinctive design aesthetics and strong brand identities. While there may have been speculations or rumors about a potential merger in the past, as of the latest information available, Coach and Michael Kors remain separate entities under their respective parent companies.
Owner of Michael Kors
Michael Kors, the fashion designer and founder of the eponymous brand, remains closely associated with the company as a key figurehead and creative force. While Capri Holdings now owns the Michael Kors brand, Michael Kors himself continues to play an active role in the design and creative direction of the label. His vision and design sensibilities have been integral to the success and growth of the brand over the years.
Michael Kors Acquisition
The acquisition of Michael Kors by Capri Holdings in 2017 was a strategic move to strengthen the company's position in the luxury fashion market. The acquisition allowed Capri Holdings to diversify its brand portfolio and tap into the growing demand for accessible luxury products. Since joining Capri Holdings, Michael Kors has continued to innovate and expand its product offerings, maintaining its reputation as a leading American fashion brand.
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