Acquisitions and Capri Holdings Limited
Luxury and fashion industry is known for high profile merger and acquisition activities. Many luxury companies are well-positioned to acquire smaller brands, or big luxury groups merge with the sector's other high value names. In 2017, Michael Kors bought Jimmy Choo, and in 2019 even a bigger deal came through: the acquisition of the Italian fashion house Versace. Shortly after, Michael Kors Limited changed its name and the three brands now operate under Capri Holdings Limited, with Michael Kors driving the largest share of revenues for the group.
Michael Kors: favorite products and online brand popularity
Renowned predominantly for its watches, handbags and other accessories, Michael Kors has also become well-known for its jewelry, fragrances and footwear as well. The accessories segment is the company’s highest revenue generator, generating more than half of total net sales in 2021. Michael Kors’ main industry competitors include Coach, Kate Spade, and Louis Vuitton.