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Capri CEO: Wholesale Will Be a ‘Smaller Business’ in the Future

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Michael Kors owner Capri Holdings Ltd. saw sales bounce back in the second quarter, led by growth in Mainland China, and will focus on generating more of its revenue from owned stores versus wholesale doors going forward. In a Nutshell: Noting the Covid-19’s pandemic ongoing impact, chairman and CEO John D. Idol said Capri company-owned…

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