Capri Holdings Ltd (CPRI) announced the appointment of Catherine So as Chief Legal and Sustainability Officer, effective October 19, 2026. She will report to Chairman and Chief Executive Officer John D. Idol. The company disclosed the appointment through a press release furnished as Exhibit 99.1.
Ms. So previously served as Senior Vice President and General Counsel at Tiffany & Co., after earlier leadership roles there in legal and compliance. Her background also includes senior legal positions at Bank of America Merrill Lynch, service as an Assistant U.S. Attorney in the Eastern District of New York, and earlier work at Debevoise & Plimpton.
Capri Holdings Ltd (CPRI) received a notice that director Stephen F. Reitman intends to sell Capri common shares under Rule 144. The notice covers 3,934 common shares, held through Morgan Stanley Smith Barney LLC. The form also reports a prior sale of 17,981 common shares on June 8, 2026, and states that Capri had 113,651,618 common shares outstanding at the time referenced. The new shares are associated with restricted stock vesting under a registered plan.
Capri Holdings Ltd (symbol: CPRI) is the issuer of record for a Form 4/A filing submitted to the SEC.
Capri Holdings Ltd (CPRI) reported amended Form 4 activity for Chairman & CEO John D. Idol covering multiple RSU-related transactions on June 15–17, 2026. A previously filed RSU grant was corrected to 166,192 units from 166,113. Across these dates, 251,566 RSUs were settled into ordinary shares, and 124,405 shares were delivered or withheld to satisfy tax liabilities. A grant of 166,192 new RSUs was issued on June 15, 2026, vesting in three equal annual installments from 2027 to 2029. In addition, 1,000,000 ordinary shares are reported as held indirectly via the John D. Idol 2026 grantor retained annuity trust, while the amounts reported exclude 54,600 shares held by the Idol Family Foundation, for which Idol disclaims beneficial ownership.
Capri Holdings Ltd (CPRI) reported that Chief People Officer Jenna Hendricks had multiple equity compensation events in June 2026. Several previously granted restricted share units (RSUs) vested and were settled into ordinary shares on June 15, 16 and 17, with corresponding issuances of ordinary shares and company share withholding to satisfy tax obligations. In addition, Hendricks received a new grant of 33,238 RSUs on June 15, 2026 under the company’s omnibus incentive plan, and this amendment corrects the originally reported RSU grant amount.
FMR LLC filed an amended Schedule 13G reporting beneficial ownership of 2,151,978.73 shares of Capri Holdings Ltd common stock, representing 1.9% of the class as of July 31, 2026. FMR reports sole dispositive power over all these shares and sole voting power over 1,328,833.85 shares.
Abigail P. Johnson is also reported as a beneficial owner of the same 2,151,978.73 shares, with sole dispositive power and no voting or shared powers. The filing notes that one or more other persons may receive dividends or sale proceeds, but no such person holds more than five percent of Capri’s outstanding common stock.
FMR LLC and Abigail P. Johnson report significant passive ownership in Capri Holdings Ltd common stock. FMR LLC is shown as beneficially owning 8,029,528.97 shares, representing 7.0% of the common stock class. FMR has sole voting power over 6,874,881.48 shares and sole dispositive power over the full 8,029,528.97 shares, with no shared voting or dispositive power reported. Abigail P. Johnson is reported with sole dispositive power over the same 8,029,528.97 shares, but no sole or shared voting power. The filing notes that one or more other persons may receive dividends or sale proceeds from these shares, but no other person has more than five percent of the total outstanding common stock.
Capri Holdings Limited reported first‑quarter Fiscal 2027 revenue from continuing operations of $769 million, slightly below $797 million a year earlier. Net income from continuing operations was $70 million and net income attributable to Capri rose to $69 million, delivering diluted EPS of $0.60 versus $0.44.
Gross profit was $500 million with operating expenses of $483 million, including $3 million of restructuring. Michael Kors generated $590 million of revenue and $55 million of income from continuing operations, while Jimmy Choo delivered $179 million of revenue and $13 million of income.
Operating cash flow from continuing operations improved to $73 million. Cash and cash equivalents were $114 million (plus $11 million restricted), against total debt of $338 million, mainly revolving credit facility borrowings of $321 million. Capri amended and extended its revolver, repurchased 2.59 million shares for $50 million, and expects full recovery of $65 million of IEEPA tariff refunds, with $49 million collected by July 31, 2026. The Versace sale, completed in December 2025, provided approximately $1.365 billion of net consideration and is reported as discontinued operations.
Capri Holdings reported first quarter fiscal 2027 revenue of $769 million, down 3.5% year over year (4.1% in constant currency), but with higher profitability. Gross margin improved to 65.0% and operating margin to 2.2%. Net income attributable to Capri was $69 million, or $0.60 per diluted share, with adjusted EPS of $0.67. Management said revenue, operating income and earnings per share exceeded expectations.
By brand, Michael Kors revenue declined 7.1% to $590 million as operating margin eased to 9.3%, while Jimmy Choo revenue grew 10.5% to $179 million and operating margin expanded to 7.3%. Inventory fell 20% to $624 million. Net debt fell to $224 million from $1.5 billion a year earlier. Free cash flow was $48 million, and the company repurchased $50 million of shares (about 2.6 million) at an average $19.31, leaving $871 million under its authorization.
For fiscal 2027, Capri now expects total revenue of approximately $3.4 billion and maintains diluted EPS guidance of about $2.15, which it states represents 40% growth over the prior year, supported by operating expense reductions. For second quarter fiscal 2027, it guides to $780 million of revenue and roughly $0.20 in diluted EPS.
Vanguard Portfolio Management, together with certain affiliates, reports beneficial ownership of Capri Holdings Ltd common stock. The group reports holding 6,602,820 shares beneficially owned, representing 5.75% of the outstanding common stock of Capri Holdings Ltd.
Vanguard Portfolio Management has sole power to vote 180,080 shares and sole power to dispose of 6,602,820 shares, with no shared voting or dispositive power. The position reflects securities held by Vanguard funds and clients over which Vanguard Portfolio Management LLC or specified affiliates exercise dispositive and, in some cases, voting power. Vanguard states that, although various funds and accounts have the right to receive dividends and sale proceeds, no single other person’s interest exceeds 5% of the class.