ADDED
As of May 23, 2025, Capri Holdings Limited had 117,920,594 ordinary shares outstanding.
(the Merger ) , the termination of the Agreement and Plan of Merger (the Merger Agreement ) with Tapestry, Inc.
and/or public disclosures related thereto, as well as those risks that are set forth in Part I, Item 1A.
Risks Related to Our Industry we may not be able to respond to changing fashion and retail trends in a timely manner, which could have a material adverse effect on our brands, business, results of operations and financial condition; and the markets in which we operate are highly competitive, both within North America and internationally, and increased competition based on a number of factors could cause our profitability and/or gross margins to decline.
The fiscal years ending on March 29, 2025, March 30, 2024 and April 1, 2023 ( Fiscal 2025 , Fiscal 2024 and Fiscal 2023 , respectively) contain 52-weeks.
The Company s Fiscal 2026 is a 52-week period ending March 28, 2026.
Jimmy Choo Our Jimmy Choo brand offers a distinctive, glamorous and fashion-forward product range, whose core product offering is women s luxury shoes, complemented by accessories, including handbags, small leather goods, jewelry, scarves and belts, as well as men s luxury shoes and accessories.
Michael Kors features distinctive designs, materials and craftsmanship that embraces the allure of the jet set lifestyle.
We have also been developing our men s business in recognition of the significant opportunity afforded by the Michael Kors brand s established fashion authority and the expanding men s market.
Jimmy Choo accounted for approximately 14% of our total revenue in Fiscal 2025 and includes worldwide sales of Jimmy Choo products through 219 retail stores (including concessions) and e-commerce sites, through wholesale doors (including multi-brand stores), as well as through product and geographic licensing arrangements.
REMOVED
As of May 22, 2024, Capri Holdings Limited had 116,649,222 ordinary shares outstanding.
Please consult these documents for a more complete understanding of these risks and uncertainties.
Risks Related to the Merger we are subject to litigation challenging the Merger, including the lawsuit by the U.S.
FTC attempting to block the pending Merger, and an unfavorable judgment or ruling in any such lawsuits could prevent or delay the consummation of the Merger and/or result in substantial costs and otherwise have a material adverse impact on our business and our share price; the pendency of the Merger could adversely affect our business, financial results and operations; and failure to complete the pending Merger could adversely affect our business and the market price of our ordinary shares.
Risks Related to Macroeconomic Conditions the accessories, footwear and apparel industries are heavily influenced by general macroeconomic cycles that affect consumer spending and a prolonged period of depressed consumer spending could have a material adverse effect on our business, results of operations and financial condition; and the COVID-19 pandemic may adversely affect our business and results of operations.
Risks Related to Information Technology and Data Security privacy breaches and other cyber security risks related to our business could negatively affect our reputation, credibility and business; and a material delay or disruption in our information technology systems or e-commerce websites or our failure or inability to upgrade our information technology systems precisely and efficiently could have a material adverse effect on our business, results of operations and financial condition.
The fiscal years ending on March 30, 2024 and April 1, 2023 ( Fiscal 2024 and Fiscal 2023 , respectively) contain 52-weeks and the fiscal year ending on April 2, 2022 ( Fiscal 2022 ) contains 53-weeks.
The Company s Fiscal 2025 is a 52-week period ending March 29, 2025.
Versace s design team is led by Donatella Versace, who has been the brand s Artistic Director for over 20 years.
Jimmy Choo Our Jimmy Choo brand offers a distinctive, glamorous and fashion-forward product range, enabling it to develop into a leading global luxury accessories brand, whose core product offering is women s luxury shoes, complemented by accessories, including handbags, small leather goods, jewelry, scarves and belts, as well as men s luxury shoes and accessories.