Capri Holdings Limited, which owns renowned fashion brands like Michael Kors, Versace and Jimmy Choo, aims to increase its export revenue to US $ 8 billion.
The Group also maintained that it intends to increase its exposure to Asia from 11 per cent to an impressive 19 per cent.
The global fashion group said that while there will be initiatives to drive its growth in Asia, there will also be efforts to lessen its exposure to US market, from 66 per cent to 57 per cent.
Recently, Michael Kors Holdings Ltd. had changed its name to Capri Holdings Ltd. after the acquisition of Versace.
While Capri Holdings has expressed confidence and delight at this new merger, IBISWorld Senior Industry Analyst Kim Do has expressed doubts. “Considering the past performance of these brands, one cannot be sure if this merged entity can turn them around,” said Do.
It is likely that Versace will be put into new avenues like expanding into Asia rather than into mass retailing which was always the strength of Michael Kors.
Bharat Tex Special Report 2026 
