Capri Holdings 2019 Investor Day: Brand Growth Expected to Drive Revenues to $6 Billion in FY2020

Executive Summary

Coresight Research attended Capri Holdings’ 2019 investor day on June 4, 2019, in New York City. Here are the key takeaways:

• The company expects to achieve $6 billion sales in FY20, a 15.4% increase compared to FY19.
• The company is creating synergy opportunities and actively developing plans to realize savings. It is also creating transformation initiatives in warehousing and logistics, IT and back office shared services.
• Capri plans to increase the number of Versace retail stores to 300 from 188 in tandem with accelerating e-commerce and omni-channel development. At Jimmy Choo, the focus is on expanding the sneaker business to 20% of the whole footwear business, and at Michael Kors to grow Asia business to $1 billion in revenue and expand e-commerce business in China.