who-owns-michael-kors

Who Owns Michael Kors?

Business / By / October 1, 2023

Capri Holdings owns Michael Kors. 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.

AspectDetails
Capri Holdings Overview– Capri Holdings owns Michael Kors and other luxury brands like Versace and Jimmy Choo.
Leadership– John D. Idol serves as the chairman and CEO of Capri Holdings.
Brands Under Capri Holdings– In addition to Michael Kors, Capri Holdings owns luxury brands like Versace and Jimmy Choo.
Major Institutional Investors– FMR (Fidelity) holds a 14.95% stake in Capri Holdings.
– The Vanguard Group owns 9.47% of the company.
– BlackRock has two separate investments in Capri Holdings, each constituting 8.9% ownership.
– Senvest Management holds a 5.1% stake.
Financial Performance– Capri Holdings reported impressive revenue figures, surpassing $30 billion in 2022.
Strategic Acquisitions– Capri Holdings expanded its luxury brand portfolio by acquiring Jimmy Choo in 2017 and Versace in 2018.
Expansion and Strategy– The group is actively expanding its global presence, particularly in emerging markets, and enhancing its e-commerce capabilities.
– Capri Holdings is exploring sustainability and ethical fashion practices as part of its commitment to responsible business operations.
Position in Luxury Market– With renowned luxury brands and strong financial performance, Capri Holdings has established itself as a major player in the global luxury fashion industry.

Ownership Structure of Capri Holdings

Capri Holdings, a fashion luxury group, owns several prominent fashion brands, including Michael Kors. The ownership structure of Capri Holdings includes key individuals and institutional investors.

  • John D. Idol: As the chairman and CEO of Capri Holdings, John D. Idol is a key figure in the company. He has played a crucial role in the growth and development of the luxury group.
  • Michael Kors: The eponymous brand founded by American fashion designer Michael Kors is one of the major assets owned by Capri Holdings. The brand is known for its luxury accessories, ready-to-wear clothing, and fragrances.

Top Institutional Investors

Capri Holdings has garnered interest from major institutional investors in the financial industry, showcasing confidence in the company’s potential and growth prospects.

  • FMR (Fidelity): Fidelity, a renowned investment management company, holds a significant 14.95% ownership stake in Capri Holdings. The investment from Fidelity reflects a positive outlook on the company’s performance and future prospects.
  • The Vanguard Group: As another major player in the investment management sector, The Vanguard Group holds an ownership stake of 9.47% in Capri Holdings. The Vanguard Group’s investment demonstrates its confidence in the company’s ability to deliver value to its shareholders.
  • BlackRock: The global investment management corporation, BlackRock, holds two separate ownership stakes in Capri Holdings, each at 8.9%. BlackRock’s double investment underlines its belief in the company’s long-term growth potential.
  • Senvest Management: Senvest Management, an investment management firm, holds a notable ownership stake of 5.1% in Capri Holdings. Senvest’s investment indicates its interest in participating in the success of the luxury group and its affiliated fashion brands.

Financial Performance and Growth

Capri Holdings has experienced growth and success in the luxury fashion market. The group’s portfolio of brands, including Michael Kors, Versace, and Jimmy Choo, has enabled it to capitalize on different segments of the luxury market and appeal to diverse consumer preferences.

Capri Holdings’ financial performance has been driven by its ability to maintain strong brand identities, innovative designs, and strategic marketing initiatives. The acquisition of Jimmy Choo in 2017 and Versace in 2018 has expanded the group’s luxury offerings and global reach.

As of 2022, Capri Holdings reported revenue of over $30 billion, indicating robust growth and solid financial standing. The company’s success can be attributed to its ability to leverage the unique strengths of its luxury brands and adapt to changing market trends.

Expansion and Strategic Initiatives

Capri Holdings continues to focus on expansion and strategic initiatives to solidify its position in the luxury fashion industry. The group has been making efforts to expand its presence in emerging markets and strengthen its e-commerce capabilities to cater to the evolving preferences of luxury consumers.

Furthermore, Capri Holdings is actively exploring sustainability and ethical practices within its brands, reflecting a commitment to responsible business practices and meeting the demands of socially conscious consumers.

Key Takeaways

  • Capri Holdings is the parent company that owns Michael Kors and other luxury fashion brands like Versace and Jimmy Choo.
  • John D. Idol serves as the chairman and CEO of Capri Holdings, playing a vital role in the company’s leadership.
  • Major institutional investors, including FMR (Fidelity), The Vanguard Group, BlackRock, and Senvest Management, hold significant ownership stakes in Capri Holdings, reflecting confidence in the company’s growth potential.
  • Capri Holdings has shown strong financial performance, with revenue surpassing $30 billion.
  • The group is focused on expansion, strategic initiatives, and sustainable practices to maintain its competitive edge in the luxury fashion market.

Key Highlights: Capri Holdings and Michael Kors’ Ownership and Performance

  • Parent Company: Michael Kors is owned by Capri Holdings, a luxury fashion group.
  • Leadership: John D. Idol is a pivotal figure in Capri Holdings, serving as the chairman and CEO.
  • Brands Under Capri Holdings: Along with Michael Kors, Capri Holdings also owns luxury brands like Versace and Jimmy Choo.
  • Major Institutional Investors:
    • FMR (Fidelity): Holds a 14.95% stake in Capri Holdings.
    • The Vanguard Group: Owns 9.47% of the company.
    • BlackRock: Has a dual investment, each constituting 8.9% ownership.
    • Senvest Management: Holds a 5.1% stake.
  • Financial Performance: As of 2022, Capri Holdings reported impressive revenue figures, surpassing $30 billion.
  • Strategic Acquisitions: Capri Holdings bolstered its luxury brand portfolio by acquiring Jimmy Choo in 2017 and Versace in 2018.
  • Expansion and Strategy: The group is actively expanding its global presence, especially in emerging markets, and is enhancing its e-commerce capabilities. Additionally, Capri Holdings is delving into sustainable and ethical fashion practices, showcasing its commitment to socially responsible business operations.
  • Position in Luxury Market: With a portfolio of renowned luxury brands and strong financial performance, Capri Holdings has solidified its position as a major player in the global luxury fashion industry.

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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