who-owns-jimmy-choo

Who Owns Jimmy Choo?

Business / By / August 4, 2023

Jimmy Choo is owned by Capri Holdings, which acquired it for $1.35 billion in 2017. Jimmy Choo is part of the group that owns Versace and Michael Kors. Jimmy Choo generated $613 million in revenue in 2022. Capri Holdings is primarily owned by John D. Idol, chairman and CEO of Capri Holdings (formerly Michael Kors Holdings) and CEO of Michael Kors. Top institutional investors comprise FMR (Fidelity) with 14.95% ownership, The Vanguard Group (9.47%), BlackRock with 8.9% ownership, BlackRock with 8.9% ownership, and Senvest Management with 5.1% of ownership.

Acquisition and Ownership:

  • Jimmy Choo, a luxury footwear and accessories brand, is owned by Capri Holdings, a global fashion luxury group.
  • Capri Holdings acquired Jimmy Choo for $1.35 billion in 2017, integrating it into its portfolio of luxury brands.
  • Capri Holdings is the parent company that also owns other prestigious fashion brands, including Versace and Michael Kors.

Revenue and Financial Performance:

  • In 2022, Jimmy Choo recorded impressive revenue of $613 million, highlighting its strong market position and popularity among luxury consumers.
  • The brand’s ability to generate substantial revenue under the ownership of Capri Holdings demonstrates the success of the acquisition and its strategic alignment within the group.

Capri Holdings Ownership Structure:

  • John D. Idol serves as the chairman and CEO of Capri Holdings, playing a pivotal role in overseeing the company’s overall operations and strategic direction.
  • It is worth noting that Capri Holdings was formerly known as Michael Kors Holdings before rebranding, showcasing the company’s expansion beyond the Michael Kors brand.

Top Institutional Investors:

  • Capri Holdings is backed by significant institutional investors who hold notable ownership stakes in the company.
  • FMR (Fidelity) is the top institutional investor with a substantial ownership share of 14.95%, signifying strong confidence in Capri Holdings’ potential and performance.
  • The Vanguard Group holds the second-largest ownership stake at 9.47%, indicating continued interest and investment in the fashion luxury group.
  • Notably, BlackRock holds two separate ownership stakes of 8.9%, reflecting the prominent asset manager’s significant involvement and support for Capri Holdings.
  • Additionally, Senvest Management holds a noteworthy ownership share of 5.1%, further diversifying the shareholder base and potentially contributing to the company’s stability and growth.

Related To Capri Holdings

Capri Holdings Revenue

capri-holdings-revenue
Capri Holdings’ revenue increased from $4.72 billion in 2018 to $5.24 billion in 2019. The revenue continued to rise in 2020, reaching $5.55 billion. In 2021, the revenue decreased to $4.06 billion, a significant drop from the previous year. However, in 2022, the revenue rebounded, growing to $5.65 billion.

Capri Holdings Profits

capri-holdings-profits
In 2018, the net income was $592 million. In 2019, it slightly decreased to $543 million. The net income took a significant hit in 2020, resulting in a loss of $223 million. In 2021, the company still experienced a net loss, though smaller, of $62 million. By 2022, the net income rebounded significantly to $822 million.

Versace Revenue

versace-revenue

Versace Profits

versace-profits
In 2020, the net income was a loss of $8 million. The net income turned positive in 2021, reaching $21 million. In 2022, Versace’s net income increased significantly to $185 million.

Jimmy Choo Revenue

jimmy-choo-revenue
In 2020, the revenue was $555 million. The revenue decreased in 2021 to $418 million. However, in 2022, Jimmy Choo’s revenue increased significantly to $613 million.

Jimmy Choo Profits

jimmy-choo-profits
In 2020, the company experienced an operating loss of $13 million. The operating loss increased in 2021 to $55 million. However, in 2022, Jimmy Choo’s operating performance improved, resulting in an operating income of $13 million.

Michael Kors Revenue

michael-kors-revenue

Michael Kors Profits

michael-kors-profits

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About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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