Capri sells Versace to Prada for $1.4B, narrows to two brands amid tariff uncertainty

Filed May 27, 2026 · Period ending March 28, 2026 · Compared to 10-K May 28, 2025 · ~1 min read

Key Changes

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  Completed sale of Versace brand to Prada for $1.395 billion gross proceeds on December 2, 2025, reducing portfolio from three luxury brands to two (Michael Kors and Jimmy Choo). Used $1 billion of proceeds to pay down debt.

  MD&A: Versace Divestiture verify on EDGAR →
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  Total revenue declined 12.5% to $3.6 billion but company returned to profitability with $23 million income from continuing operations versus $26 million loss prior year. Gross margin held steady at 62.3%.

  MD&A: Financial Results verify on EDGAR →
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  Supreme Court invalidated April 2025 IEEPA tariffs in February 2026; President re-imposed tariffs under Section 122 for 150 days. Uncertainty around scope, duration, and potential refunds creates ongoing cost and cash flow variability.

  Risk Factors: Tariff Litigation verify on EDGAR →