Capri Holdings (NYSE:CPRI) reported a 15% decline in revenue for its fiscal 2025 fourth quarter, totaling $1.0 billion, along with an operating loss of $33 million. Following the announcement of its deal to sell the Versace unit to Prada, the company aims to refocus on the Michael Kors and Jimmy Choo brands, targeting revenue stabilization, cost reductions, and margin recovery. Proceeds from the Versace sale will be used to significantly reduce Capri’s current net debt of approximately $1.3 billion and improve its leverage ratio of 3.2 net-debt-to-adjusted-EBITDAR.
