Capri CEO John Idol said Versace may have leaned too hard into quiet luxury while pricing out its entry-level customers.

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Capri Holdings CEO John Idol acknowledged "a number of missteps" in the company's efforts to reposition tentpole brands like Michael Kors and Versace.

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Owner Capri says its quarterly revenue fell nearly 12% after sharp price increases and other missteps.

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Capri Holdings Limited faced a tough fiscal third quarter, coming up short on earnings expectations amid a challenging operating environment.

CFO Thomas J. Edwards Jr. reported total company revenue of $1.3 billion, a 12% year-over-year decrease, citing declines across all brands and geographies. Operating margin was 6%, down from 12.1% ...