Luxury fashion brand group reopens doors

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    CAPRI Holdings Limited, the holding company of luxury brands Jimmy Choo and Michael Kors, provided details on the company’s phased reopening plan for its global store operations.

    John Idol, the Company’s Chairman and Chief Executive Officer, said, “As we reopen our stores around the world, we are prioritizing the health and safety of our employees, customers and communities.  We are taking a prudent and measured approach to reopening our stores to ensure all necessary precautions are in place while maintaining the exceptional in-store experience our customers expect from our luxury houses.”

    The company has begun to resume store operations globally in accordance with local government’s reopening plans while following the health and safety protocols of local authorities and public health organizations. Currently, slightly more than half of the company’s global retail fleet of stores are open.

    In America, the company anticipates having the majority open by early July 2020. In Europe, Middle East and Africa, almost 60 percent of the retail stores in the region are open. In Asia, all of the stores in Greater China are open. In Japan, South Korea and other parts of Southeast Asia, nearly 70 percent of the stores are open.

    The company has also seen growth in e-commerce, with Michael Kors sales almost double prior year levels in April and May.

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