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Luxury Rebound at Capri: No Promotions as Kors Plans Price Hikes

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First-quarter revenue skyrocketed at Capri Holdings Ltd., helping the parent of Versace and Jimmy Choo return to profitability as its Michael Kors brand continued to do well in the Americas. In a Nutshell: Capri’s three global fashion luxury houses—Versace, Jimmy Choo (Choo) and Michael Kors (Kors)—each posted gains that helped the company best Wall Street…

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