On Sept. 22, Capri's shares rose 6% after a Women's Wear Daily report said the firm has been speaking with potential buyers. The report suggests that a deal is not imminent.
Capri has retired much of its debt from the proceeds of the Versace sale. Moreover, the divestment of this troubled brand allows management to focus on improving the health of its two remaining brands.
Bears
Jimmy Choo’s sales growth and profitability have been inconsistent. Despite diversification efforts, Jimmy Choo remains highly dependent on women’s luxury footwear.
Capri Holdings is a marketer, distributor, and retailer of upscale accessories and apparel in the Americas, Europe, and Asia. Michael Kors, Capri’s original and largest brand by sales, offers handbags, footwear, and apparel through more than 600 company-owned stores, wholesale partners, and online. Jimmy Choo (acquired in 2017) is best known for women’s luxury footwear. Its products are sold through third-party retailers, e-commerce platforms, and in more than 200 company-operated stores. John Idol has served as Capri’s CEO since 2003.