Michael Kors parent will furlough all 7,000 North American retail workers as stores remain shuttered until June 1 [MarketWatch]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: MarketWatch
Capri Holdings Ltd. said Monday that it will furlough all 7,000 of its North American retail store workers, effective April 11. Workers had been receiving pay since stores closed on March 18, with stores originally planned for reopening on April 10. The company, whose portfolio includes Michael Kors, Versace and Jimmy Choo, now says stores in North America and Europe will remain closed until June 1, or until it's safe to resume operations. In the future, the company says it will restructure, with some corporate jobs eliminated. The board will see its compensation halved in fiscal 2021. And Michael Kors, Donatella Versace, Capri Chief Executive John Idol and Jimmy Choo Chief Executive Sandra Choi will forego their fiscal 2021 pay. The company seeks to reduce overall salaries at various levels by 20%. Capri has suspended share buybacks, reduced capital expenditures and taken other cost-saving measures. The company has drawn down the entirety of its $300 million revolving credit facility
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CPRI
News
- Capri (NYSE:CPRI) was upgraded by analysts at Barclays PLC to a "strong-buy" rating.MarketBeat
- Creative director Dario Vitale exits Versace two days after Prada's acquisition [Yahoo! Finance Canada]Yahoo! Finance Canada
- Creative director Dario Vitale exits Versace two days after Prada's acquisition [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Versace designer makes shock exit despite stellar debut [CNN]CNN
- Versace designer makes shock exit despite stellar debut [CNN]CNN
CPRI
Earnings
- 11/4/25 - Miss
CPRI
Sec Filings
- 12/2/25 - Form 8-K
- 11/4/25 - Form 10-Q
- 11/4/25 - Form 8-K
- CPRI's page on the SEC website