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

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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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