Capri Holdings Considers Sale of Versace and Jimmy Choo to Focus on Michael Kors Turnaround

Capri Holdings is reportedly exploring the sale of Versace and Jimmy Choo, working with Barclays to identify potential buyers. This move aligns with the company’s strategy to focus on turning around its flagship brand, Michael Kors, following the collapse of its $8.5 billion buyout by Tapestry Inc. The sale process is in its early stages, with industry closely monitoring the potential divestiture of these storied luxury brands.

#CapriHoldings, #MichaelKors, #Versace, #JimmyChoo, #LuxuryFashion, #BusinessStrategy, #BrandTurnaround, #FashionNews, #LuxuryMarket, #StrategicShift