Michael Kors to lower prices as sales suffer huge hit Retail The UK arm of luxury fashion brand Michael Kors has revealed plans to lower its prices after suffering a significant hit to its sales. The division’s revenue took a 20 per cent hit in the year to 30 March, 2025, as it closed stores and it felt the impact of the cost-of-living crisis. Michael Kors [...]
Michael Kors renamed Capri Holdings after $2bn Versace acquisition Michael Kors has completed the $2bn (£1.58bn) acquisition of Italian designer Versace, the US fashion brand confirmed today. Following the acquisition, Michael Kors Holdings has been renamed Capri Holdings and will trade on the New York Stock Exchange as CPRI. John Idol, chairman and chief executive of Capri Holdings, said: “Versace has long been recognised as [...]
Shares dive at fashion house Michael Kors as sales miss expectations Michael Kors' shares plunged by 15 per cent today after the luxury fashion group missed Wall Street revenue estimates for the first time in almost two years. The owner of brands such as Jimmy Choo saw revenue come in flat year on year at $643.9m (£489.6m) as European store sales dropped 10 per cent in the three [...]
Jimmy Choo’s sales rise as it strides into Asia March 19, 2015 LUXURY shoemaker Jimmy Choo said it more than halved its losses last year, thanks to its expanding footprint in Asia, despite shouldering £7.8m of initial public offering (IPO) costs. The company, which floated on the London stock market in October, reported a 7.2 per cent rise in earnings before tax, interest, depreciation and amortisation (Ebitda) [...]
Jimmy Choo narrows losses as it strides into Asia March 19, 2015 The figures Full-year revenues increased to £299.4m for 2014, while like-for-like sales rose 5.7 per cent to £192.1m. The luxury shoe maker made a net loss of £10.8 in 2014, which had narrowed from £17.7m a year earlier. However, markets were unimpressed, and its shares were trading down 2.74 per cent at 170 pence per share. [...]
Jimmy Choo’s a shoe-in with post-IPO revenue rise January 23, 2015 Jimmy Choo net revenue rose 12 per cent to £299m in the year to December, marking a positive start to its London Stock Exchange listing. Foreign exchange fluctuations had some effect on the numbers however with revenue climbing 6.2 per cent on a constant currency basis. The firm said Asia and Japan continued to deliver [...]
Jimmy Choo share price climbs on market debut October 17, 2014 Shares in footwear brand Jimmy Choo opened at 141 pence per share signalling a cautious debut on the London Stock Exchange this morning. It's a rise of 0.7 per cent on its offer price of 140 pence per share amid a cooling IPO market and an embattled London stock market that may ease investor worries, if [...]
Jimmy Choo IPO ‘to value shoe label at £700m’ October 6, 2014 Luxury shoe company Jimmy Choo could land on the London Stock Exchange with a top valuation of £700m – less than originally expected, according to reports. The high end label, a favourite of Sex and The City star Sarah Jessica Parker, is looking to issue a quarter of its share equity with an initial [...]
Jimmy Choo to float on London Stock Exchange with IPO plans September 23, 2014 The luxury shoemaker made famous by the television show Sex and the City has confirmed it will go public in a much-anticipated IPO. Jimmy Choo owner JAB Holdings said the listing on the London Stock Exchange, which could value the firm at up to £1bn, would fund the designer label’s growth and expansion into new markets. The [...]
Jimmy Choo steps towards £1bn flotation as London markets fly March 17, 2014 THE OWNER of luxury shoe designer Jimmy Choo is mulling plans for a £1bn public listing in London to tap the capital’s booming stock market. Bankers are understood to have approached its owners, Labelux, to explore plans to find external capital for the firm’s aggressive expansion plans, with an offering of about 20 per cent [...]