Retail

    Three women and one man in a suit sitting on a bench.

    Behind glam luxury brands Michael Kors and Jimmy Choo lurks a troubled holding company losing millions

    Capri CEO John Idol’s fashion powerhouse of Michael Kors, Versace and Jimmy Choo was supposed to rival LVMH. Seven years in, the company lost $1 billion in 2025 and revenues are in tatters

    January 2, 2026

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