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Capri to Close 50 Kors Doors, Buy Factories and Spend on Versace Growth

Nordstrom, Greats, Target, Macy’s, Alibaba, Bonobos, Rhone, Spanx and more will be at Sourcing Summit NY Oct 17. Don't miss it.

Capri Holdings Ltd.’s chief executive officer John D. Idol described the year that just ended as a “transformational” one for the company after closing in December on its $2.1 billion purchase of the Versace fashion house. Looking ahead, he referred to fiscal 2020 as an “investment year,” which means Capri will be spending money to…

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