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11.11.26 - 13:00
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Capri Holdings Limited Announces CEO Succession Plan (Business Wire)
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Justin Boxford Appointed Chief Executive Officer
John D. Idol to Retire Following More than Two Decades of Leadership
Robin Freestone to Become Independent Chairman of the Board
Transition Effective January 4, 2027LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that Justin Boxford has been named Chief Executive Officer of Capri Holdings and will join the Board of Directors, effective January 4, 2027. His appointment follows John D. Idol's announcement that he will retire as Chairman and Chief Executive Officer following more than two decades of leadership at Capri. Robin Freestone, Capri Holdings' current Lead Director, will become Independent Chairman of the Board. To support a smooth transition, Mr. Idol will serve as a senior advisor to Capri Holdings through March 31, 2027.
Mr. Boxford brings nearly 30 years of global luxury and beauty industry experience, with a proven track record of building iconic brands, driving business transformation...
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30.10.26 - 13:24
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Capri Holding Swings to Quarterly Profit (WSJ EN)
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Capri Holdings swung to a second-quarter profit and edged up its full-year earnings target, even as declining revenue at Michael Kors prompted the luxury group to lower its annual revenue forecast....
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30.10.26 - 12:03
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Capri Holdings Limited Reports Second Quarter Fiscal 2027 Results (Business Wire)
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Revenue, Operating Income and Earnings Per Share Exceed Expectations
Company Increases Full Year OutlookLONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the second quarter of Fiscal 2027 ended September 26, 2026.
Second Quarter Fiscal 2027 Highlights from Continuing Operations
Revenue decreased 5.5% on a reported basis and 4.9% in constant currency
Operating margin was 1.2%; adjusted operating margin was 3.8%
Earnings per share were $0.25; adjusted earnings per share were $0.42
John D. Idol, the Company's Chairman and Chief Executive Officer, said, “We are encouraged by the momentum building at both Michael Kors and Jimmy Choo. Throughout the second quarter, trends improved sequentially each month across both of our luxury houses, reflecting the actions we have taken to sharpen our product assortments, elevate brand desirability and strengthen consumer engagement. We are pleased with the progress we are seeing and beli...
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