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Retail Asia06/07/2020

US luxury group Capri has ended its fiscal year on an unsurprisingly gloomy note, largely due to the negative impact of the coronavirus. While the slip of 11.3 percent in total revenue does not look too bad compared to some other retailers, this is mostly because Capri’s quarter ends on March 28 and, therefore, does […]

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Retail Asia28/04/2020

US fashion label Michael Kors has unveiled a new customization service for its handbag range. The MK My Way service is making its debut on Alibaba’s e-commerce site Tmall today with a digital pop-up experience for Chinese consumers before a global rollout later this year – in place of its original launch plans, which were […]

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Retail Asia01/08/2019

US fashion brand Michael Kors is to launch a digital flagship store on Alibaba’s Tmall and the Tmall Luxury Pavilion. The launch marks Michael Kors’ first e-commerce channel in China, apart from its own site, offering consumers the full line of clothing sold offline, as well as a selection of handbags and footwear. The brand […]

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Retail Asia13/05/2019

Michael Kors is expanding its smartwatch offering with an improved version of Sofie, a wearable device that was launched two years ago. The new model, weirdly named Sofie Heart Rate, packs a few new features that the original model lacked, but keeps a similar price. The Sofie Heart Rate is available in five colors – Pave Rose Gold, […]

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Retail Asia09/01/2019

With the completion of its acquisition of Versace, global fashion group Michael Kors Holding has successfully transitioned into its new identity as Capri Holdings Limited. The group, which now owns Michael Kors, Jimmy Choo and Versace, hopes to leverage its brands to grow group revenue to US$8 billion, while increasing its exposure to the Asia […]

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Retail Asia27/12/2018

Trussardi, the family-owned Italian luxury brand specialising in leather goods, has been acquired by private equity firm Quattro R, local media reports. BoF has not yet been able to independently confirm the report. According to Italian news site Pambianco, Quattro R will take an 80 percent stake in Trussardi for at least 50 million euros (around […]

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Retail Asia22/10/2018

Among the investors who snapped up shares in luxury e-commerce marketplace Farfetch after its September IPO was one buyer with little interest in operating profits or projected revenue. People for the Ethical Treatment of Animals pounced on shares in the newly public company so it could make its case directly to ban fur sales on the platform. They needn’t […]

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Retail Asia17/10/2018

DFS Group, the world’s leading luxury travel retailer, is excited to announce the launch of an exclusive Michael Kors capsule collection available only in DFS and T Galleria by DFS stores this October. Inspired by the jet-set lifestyle and designer Michael Kor’s take on luxury, the exclusive DFS x Michael Kors collection features thirteen handbags, […]

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Retail Asia02/10/2018

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Michael Kors is just the latest company to announce its intention to change its name, following a precedent set by a number of the country’s most famous brands. Most frequently, a name change reflects a shift in strategy. Michael Kors said it will change its name to Capri Holdings, inspired by an “iconic, glamorous and luxury […]

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Retail Asia26/09/2018

Michael Kors Holdings LTD confirmed earlier reports that it would buy all outstanding shares from Versace for around $2.1 billion. It also announced the group will officially be called Capri Holdings Limited, named after the island of Capri, which the company referred to as an iconic, glamorous destination. The renaming of the group was expected, […]

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Retail Asia31/08/2018

Michael Kors Malaysia is opening a runway-inspired store at Suria KLCC. The launch is part of the US fashion label’s Runway 2020 strategy intended to modernise its business, which also includes the introduction of e-commerce and wearable technologies to the label. Designer Michael Kors’ strategy was announced last year and will involve an overhaul of […]

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Retail Asia14/08/2018

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Luxury fashion brand Michael Kors has recruited Chinese actor Yang Mi for the design and promotion of a limited-edition take on the US accessories maker’s classic Whitney bag. Designed to celebrate Qixi, the Chinese equivalent to Valentine’s Day, the Whitney Qixi bags feature heart and star-shaped silver-tone hardware in a nod to the romance of the ancient […]

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Retail Asia10/08/2018

Luxury fashion group Michael Kors delivered better than anticipated revenue, operating margin, and earnings per share growth in its Q1 FY19 results, with total revenue increasing 26.3 per cent to US$1.2 billion. Total operating margin reached 17.9 per cent, up from last years 15.7 per cent for the period, while earnings per diluted share were US$1.22 […]

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Retail Asia31/07/2018

Citygate Outlets is ready for the summer. With over 80 international brands offering 30% to 70% discounts, the mall has collaborated with brands to bring its customers unique Summer Pop-ups, memorable experiences with special performances and rewards for its most loyal customers. Direction New-York for this Summer’s Pop-ups. Starting with a fresh breeze of air […]

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Retail Asia12/07/2018

Accessories and apparel designer Michael Kors has released a new limited-edition graffiti capsule of jackets, shoes and bags, taking inspiration from the street art of Eighties-era New York City. The Michael Kors graffiti collection launch has been marked by an elaborate window display installation created by two fashion professionals who lived in New York during […]

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Retail Asia29/06/2018

Global Brands Group is to sell a substantial part of its North American branded business to Differential Brands Group for US$1.38 billion. The move, announced at the release of its annual results yesterday, will allow it to cut debt, pay a modest special dividend to shareholders and free capital to grow “a more focused business”, […]

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Retail Asia08/06/2018

Michael Kors Holdings recorded $1.18bn in the crucial fourth quarter, close to an 11% gain on last year, a revenue result driven most by sales brought in from Jimmy Choo, the luxury shoe business it acquired last summer for $1.2bn. Like-for-like sales during the three months to end of March were up 2.3%, besting expectations for […]

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Retail Asia01/06/2018

Asia proved the strongest growth market for premium apparel and accessories retailer Michael Kors last year, offsetting ongoing weakness in its largest market, the Americas. Asian sales increased 17.5 per cent to US$137.7 million in the fourth quarter and were up 33.7 per cent to $469 million for the year. Michael Kors sales and profit […]

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Retail Asia09/02/2018

The latest numbers from Michael Kors are far from being a good result, indicating a distinct lack of momentum at the brand. In some divisions, the Michael Kors brand has experienced a reversal of fortunes since the last reporting period and the results highlight the company was not one of the winners this holiday season […]

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Retail Asia08/12/2017

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Beijing’s iconic Xidan Joy City celebrated its 10 year anniversary today by unveiling its newly renovated Rose Garden relaxation zone. The celebration also marks the completion of the first phase of a significant upgrade of the mall’s interior and public areas that will continue until 2019. Mall owner COFCO has commissioned Woods Bagot to lead […]

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