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Capri Holdings looks to expand luxury portfolio as Versace beats sales expectations

1 month ago   |   By Fashion United

Image: Versace
At the Morgan Stanley Virtual Global Consumer & Retail Conference on Thursday, Versace parent Capri Holdings said the Italian luxury house is on track to surpass 1 billion dollars in sales this year.
Capri Holdings' chief executive John Idol said “It just doesn't happen in a year or two years. It takes five and it takes 10 years. So we're a few years into that investment, and it's going extremely well. And we're committed to luxury. That is what that brand will stand for.” Versace's annual earnings were 800,000 dollars at the time of sale but dropped to 650,000 million as...
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