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Capri Holdings battles weak end-of-year sales in Americas, Europe

As expenses increase and the economy presents mounting challenges, all three of Capri Holdings’ luxury houses, Versace, Jimmy Choo and Michael Kors, took a financial hit. Image credit: Capri Holdings Sales at Versace, Jimmy Choo and Michael Kors all fell during the last three months of 2023. Image credit: Capri Holdings

 

U.S. fashion group Capri Holdings is faced with a pullback from its luxury consumers.