A Brief History of Capri Holdings Limited (CPRI)

Foundation and Early Years

Capri Holdings Limited, originally known as Michael Kors Holdings Limited, was founded in 1981 by Michael Kors. The company started as a luxury accessories brand, primarily focusing on handbags and footwear.

Initial Public Offering (IPO)

On December 16, 2011, Michael Kors went public on the New York Stock Exchange (NYSE) under the ticker symbol KORS. The IPO raised $944 million, with shares priced at $20.

Acquisitions and Rebranding

In 2017, Michael Kors acquired the luxury fashion house Gianni Versace S.p.A for approximately $2.12 billion. This acquisition expanded Capri's influence in the luxury market.

In 2018, the company underwent a rebranding, changing its name from Michael Kors Holdings Limited to Capri Holdings Limited to reflect its diversified portfolio.

Financial Performance

For the fiscal year ending March 28, 2020, Capri Holdings reported revenues of $4.19 billion. The company experienced a significant impact from the COVID-19 pandemic in 2020.

In the fiscal year 2021, Capri Holdings reported a revenue decline of 29.5%, resulting in total revenues of $2.95 billion.

However, the fiscal year 2022 showed a recovery with revenues reaching approximately $4.02 billion and a net income of $648 million.

Recent Developments

As of Q1 2023, Capri Holdings reported a revenue increase of 19.5% compared to the previous year, totaling approximately $1.34 billion.

The company's market capitalization as of October 2023 was around $8.4 billion.

Market Position and Brand Portfolio

Capri Holdings operates three primary brands: Michael Kors, Versace, and Jimmy Choo. The company seeks to enhance its global footprint through a multi-brand strategy.

Stock Performance

As of October 2023, Capri Holdings’ stock trades in the range of $60 to $65 per share. The stock has shown a 30% increase over the last year.

Future Outlook

Analysts project Capri Holdings to achieve revenue growth of approximately 10% annually over the next few years, largely attributed to the growing demand for luxury goods.

A Who Owns Capri Holdings Limited (CPRI)

Current Shareholder Structure

As of the latest available data, Capri Holdings Limited (CPRI) has a diversified ownership structure comprising institutional investors, individual shareholders, and company executives. The following table outlines the major shareholders and their respective holdings:

Market Capitalization

The market capitalization of Capri Holdings Limited as of October 2023 is approximately $3.25 billion, based on a share price of around $52.50.

Recent Financial Performance

For the fiscal year ending March 2023, the company reported the following financial results:

Ownership Changes

Over the recent quarters, there has been notable activity in the shares held by institutional investors:

• In Q1 2023, Vanguard increased its holdings by 2.3%.
• BlackRock reported a decrease of 1.5% in its ownership during Q2 2023.
• Wellington Management has been stable with no changes in Q3 2023.

Executive Compensation

As of the latest proxy statement, the compensation for key executives is as follows:

Capri Holdings Limited (CPRI) Mission Statement

Overview of Capri Holdings Limited

Capri Holdings Limited, trading under the ticker CPRI on the New York Stock Exchange, is a global fashion luxury conglomerate that owns several renowned brands, including Michael Kors, Versace, and Jimmy Choo. As of the fiscal year 2023, the company reported revenues of approximately $5.4 billion.

Core Mission Statement

The mission of Capri Holdings is centered around creating a unique and luxurious experience for its customers through the offering of high-quality products, exceptional craftsmanship, and innovative designs. The company aims to inspire and empower individuals with an aspirational lifestyle using its diverse portfolio of brands.

Values and Principles

• Creativity: Emphasizing innovative design and fashion-forward thinking.
• Diversity: Commitment to inclusivity in both product offerings and workplace culture.
• Sustainability: Focus on reducing environmental impact and promoting sustainable practices.
• Customer Centricity: Prioritizing the consumer experience in all business decisions.

Financial Performance Indicators

Strategic Goals

• Expand market presence across Asia and Europe by 20% over the next five years.
• Increase digital sales channel contribution to 25% of overall sales by 2025.
• Achieve a carbon-neutral footprint by 2030 through sustainable practices.

Achievements in Alignment with the Mission Statement

In 2023, Capri Holdings was recognized in the Dow Jones Sustainability Index for corporate social responsibility initiatives. The company launched multiple campaigns promoting diversity and inclusivity, amongst which 'The New Normal' campaign highlighted real-time narratives of varied customer experiences with luxury.

Market Position and Competitive Edge

As of 2023, Capri Holdings holds a significant market share in the luxury apparel segment, with a reported increase in brand loyalty by 15% year-over-year. This growth is attributed to the strategic positioning of its brands and continued investment in quality and design.

Future Aspirations

• To maintain a competitive advantage through innovation in product development and marketing tactics.
• To foster collaborations with emerging designers and artists, enhancing brand relevance.
• To raise awareness and engagement in sustainability efforts, targeting a 30% reduction in waste by 2025.

Conclusion

Capri Holdings Limited's mission statement is a reflection of its commitment to luxury, quality, and customer satisfaction, grounded in a robust financial strategy and a dedication to sustainability and ethical practices.

How Capri Holdings Limited (CPRI) Works

Company Overview

Capri Holdings Limited is a global fashion luxury group that encompasses prestigious brands such as Michael Kors, Versace, and Jimmy Choo. The company is publicly traded on the New York Stock Exchange under the ticker symbol CPRI. As of October 2023, Capri Holdings reported a market capitalization of approximately $3.5 billion.

Financial Performance

For the fiscal year ended March 2023, Capri Holdings generated revenues of $4.6 billion, representing a 13% increase compared to the prior year. The net income for the same period was approximately $681 million, resulting in a net profit margin of 14.8%.

Business Segments

• Michael Kors
• Versace
• Jimmy Choo

Each brand operates with its unique marketing and product strategies, contributing significantly to the overall financial performance of the company.

Geographic Distribution

Capri Holdings has a significant international presence, with approximately 70% of its revenues generated from outside the United States. In fiscal 2023, the geographic revenue breakdown was as follows:

Market Strategies

Capri Holdings utilizes various market strategies to enhance brand visibility and accessibility, including digital marketing campaigns and collaborations with influencers. The company invests heavily in online retail channels, which accounted for around 30% of total sales in 2023.

Stock Performance

Capri Holdings' stock performance has seen volatility in the financial markets. As of October 2023, the stock price was approximately $38 per share, with a 52-week range of $27 to $53. The company has a price-to-earnings (P/E) ratio of 5.1.

Future Outlook

Analysts project an annual growth rate of approximately 8% for Capri Holdings over the next five years, driven by expansion in emerging markets and increased e-commerce sales.

Corporate Social Responsibility

Capri Holdings is committed to sustainability and corporate social responsibility initiatives. The company aims to reduce its carbon footprint by 50% by 2030 and has invested in eco-friendly materials across its product lines.

How Capri Holdings Limited (CPRI) Makes Money

Brand Portfolio

Capri Holdings Limited is a global fashion luxury group. The company owns three primary brands:

• Michael Kors
• Versace
• Jimmy Choo

As of fiscal year 2023, Capri Holdings reported the following revenue breakdown by brand:

Revenue Streams

Capri Holdings generates revenue through several key channels:

• Direct-to-consumer sales
• Wholesale distribution
• Digital sales

For fiscal year 2023, the following statistics were reported for each channel:

Geographic Distribution

Capri Holdings operates on a global scale, with a presence in various regions. The revenue distribution as of fiscal year 2023 is as follows:

Marketing and Brand Positioning

Capri Holdings spends heavily on marketing to maintain its luxury image and drive sales. For fiscal year 2023, the marketing expenses were:

Financial Performance Metrics

For fiscal year 2023, Capri Holdings reported the following financial metrics:

Outlook and Future Growth

Capri Holdings has outlined its strategic priorities focused on diversifying revenue streams and entering new markets. The company plans investments amounting to: