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Versace Owner Closes 150 China Stores, Sees Virus Slashing Revenue By $100M

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Versace parent company Capri Holdings Ltd. closed more than half of its Mainland China store fleet as of Feb. 5, citing the coronavirus outbreak for the temporary measures. While the luxury holding firm easily beat Wall Street’s third-quarter estimates, the public health emergency has taken a toll on the company’s current fourth quarter and could pare revenues,…

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