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Capri CEO John Idol Says Price-Hike Strategy Paying Off at Michael Kors

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Global supply disruption clipped revenue at Michael Kors, though parent company Capri Holdings beat Wall Street’s second-quarter earnings and revenue estimates on surging luxury demand and bumped its outlook despite ongoing bottlenecks hampering inventory deliveries. In a Nutshell: More so than Jimmy Choo or Versace, Michael Kors faced the “biggest inventory issue,” Capri CEO John…

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