Jimmy Choo's turnaround outpaces Michael Kors's slide in Capri's first quarter without Versace
Capri Holdings' first quarter as a two-brand company split cleanly by name: Jimmy Choo's operating margin nearly tripled while Michael Kors kept losing ground, even with Versace off the books.
Capri Holdings reported its first quarterly results as a two-brand company on August 5, the group's first full reporting period since completing the sale of Versace to Prada Group on December 2, 2025. The split investors had been watching for arrived cleanly along brand lines: Jimmy Choo's turnaround kept accelerating, while Michael Kors kept losing ground.