Capri Holdings is a global luxury fashion group that owns the Michael Kors and Jimmy Choo brands. Michael Kors is the company's largest brand, specializing in luxury accessories, footwear, and apparel. Accessories, primarily handbags and small leather goods, represent the majority of its sales. Jimmy Choo focuses on high-end women's footwear and is currently expanding its accessories and men’s footwear offerings. Capri operates through three primary channels: owned retail stores, wholesale partnerships with department stores, and third-party licensing for categories like fragrance and eyewear. Retail is the company's highest-margin channel. Michael Kors sources most products from Vietnam, Cambodia, and Indonesia, while Jimmy Choo sources footwear largely from Italy, including through two company-owned factories. The company focuses its strategy on improving brand health and gross margins for Michael Kors by reducing promotional activity, cutting off-price wholesale shipments, and closing underperforming stores. Management is also investing in store renovations and digital tools to drive customer traffic. For Jimmy Choo, growth is centered on expanding its accessories and casual footwear categories. Profitability depends on full-price sell-through rates and maintaining a favorable product mix between high-margin accessories and footwear.