Capri Holdings announced on Thursday that Versace has extended its license agreement with EuroItalia, the Italy-based global fragrance and cosmetics company, as well as entered into a new agreement with Michael Kors.
G-III, the parent company of the Donna Karan and DKNY brands, has announced that it has entered into a long-term licensing agreement with international perfume group Interparfums concerning the two labels’ fragrances.
Capri Holdings had big news on Tuesday as it announced a new CEO — Joshua Schulman — for Michael Kors. But more importantly, he'll take over as group CEO from John D Idol next year. Idol will become executive chairman.
Michael Kors parent Capri Holdings Ltd on Friday raised its annual forecasts for the second time after trouncing Wall Street estimates for quarterly results, as shoppers splurge on its high-end clothes and bags.
Michael Kors parent Capri Holdings raised its fiscal 2022 forecast for profit and revenue on Tuesday, betting on a surge in demand for luxury products as consumers emerging from lockdowns look to upgrade their wardrobes.
Salvatore Ferragamo is in negotiations with fragrance group Interparfums, which produces perfumes for brands including Coach and Jimmy Choo, about a licensing deal for the development of its own fragrances.