Capri Holdings Limited, the parent company of Versace, Jimmy Choo and Michael Kors, ended the third quarter of the current fiscal year with a 24 percent increase in sales. Thanks to this increase, quarterly sales amounted to 1.6 billion US dollars (1.4 billion euros), according to the quarterly report.
Capri Holdings Limited gross profit was $1 billion. Net profit in the third quarter was 339 million US dollars or 299 million euros.
In the quarterly report, Capri Holdings Limited also discusses the brands in its portfolio. Versace achieved sales of 251 million US dollars (221 million euros), 29 percent more than in the previous year. Jimmy Choo grossed $178 million (€157 million). The brand posted a 47 percent increase this quarter compared to the third quarter of the previous fiscal year.
Michael Kors, the flagship of the group, achieved sales growth of 20 percent to 1.18 billion US dollars (about 1 billion euros).
This translated post previously appeared on FashionUnited.nl.
