Capri Holdings (CPRI)

Company ID: 127 | CIK: 0001530721
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

Business Unit / Product Segments

Major Customers (% of Revenue)

No 10-Q data

Operational KPIs

Guaranteed minimum license fees (backlog)

No 10-K data

Wholesale doors (customers)

No 10-K data

Employees covered by collective bargaining agreements (headcount)

No 10-Q data

Advertising and marketing expense (other)

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Advertising expense (other)

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Average square footage per store (other)

Capital expenditures (other)

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Countries with presence (other)

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E-commerce sales growth (other)

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E-commerce sites (other)

Full price retail stores (other)

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Gross profit margin (other)

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Jimmy Choo wholesale doors (other)

Michael Kors wholesale doors (other)

No 10-Q data

Number of Reportable Segments (other)

Operating margin (other)

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Ordinary shares outstanding (other)

Outlet stores (other)

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Retail net sales (other)

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Retail stores closed (other)

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Shares outstanding (other)

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Stores closed (other)

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Stores closed under Retail Fleet Optimization Plan (other)

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Total wholesale doors (other)

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Versace wholesale doors (other)

No 10-Q data

Wholesale Doors (other)

No 10-K data

Wholesale doors (other)

Wholesale net sales (other)

No 10-K data

Revenue, Remaining Performance Obligation, Amount (rpo)

Comparable store sales growth (same_store_sales)

Average store size (square_footage)

Jimmy Choo stores - Asia (stores)

Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

No demographic data found.

Workforce Breakdowns

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HCM Metrics — Point-in-Time

No point-in-time HCM metrics found.

HCM Metrics — Flow (Annual / YTD)

No flow HCM metrics found.

Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-27restructuringcompletedGlobalCorporate / operationsUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge primarily for employee severance tied to restructuring activities completed during the quarter; no employee count disclosed. Global Optimization Plan concluded in Fiscal 2026.
2026-06-27restructuringcompleted2024-12-312026-03-28GlobalCorporate / RetailUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global Optimization Plan concluded in Fiscal 2026. Q1 FY27 charges of $3M primarily related to employee severance.
2026-06-27plant_closurecompleted2024-12-312026-06-28GlobalRetailrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
15 retail stores closed during Q1 FY26 as part of the Global Optimization Plan. No specific headcount disclosed.
2026-03-28restructuringcompleted2025-09-27GlobalCompany-wide (retail store fleet optimization)USD 15 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program announced in the fourth quarter of Fiscal 2024; Fiscal 2026 activity comprises closure of 30 retail stores plus severance, with net restructuring expense of $15M primarily for final lease terminations. Program concluded September 27, 2025 (second quarter of Fiscal 2026); restructuring liability fully settled at year-end. Employees affected not disclosed.
2026-03-28divestiture_reductioncompleted2025-04-102025-12-02GlobalVersace business (discontinued operations)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the Versace business to Prada completed December 2, 2025 for gross cash proceeds of $1.395 billion; Versace headcount removed from continuing operations. Employees affected not disclosed; prior-year total headcount disclosures note they included Versace employees.
2026-03-28restructuringcompleted2024-12-312025-09-27GlobalCorporate and RetailUSD 15 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Global Optimization Plan concluded in Q2 FY2026. Net restructuring charges of $15 million recorded in FY2026 primarily related to lease terminations and severance costs. 30 retail stores closed in FY2026 as part of this plan.
2026-03-28restructuringcompleted2024-12-312026-06-30GlobalCorporate and RetailUSD 15 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Global Optimization Plan concluded in Q2 Fiscal 2026. Includes closure of 30 retail stores in Fiscal 2026. Charge primarily related to lease terminations and severance costs.
2026-03-28divestiture_reductioncompleted2025-04-102025-12-02GlobalVersacediscontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of Versace business to Prada completed December 2, 2025. Headcount removed from continuing operations. Specific employee count not disclosed in filing.
2026-03-28restructuringin_progressEmployee Severance [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2026-03-28restructuringin_progressFacility Closing [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2026-03-28restructuringin_progressFiscal Year 2025 Global Optimization Plan [Member]USD 20,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-27plant_closurecompleted2023-12-312025-09-27GlobalRetailUSD 15 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Global Optimization Plan closed 30 retail stores over nine months ended 2025-12-27; charges primarily lease terminations and severance. Plan concluded 2025-09-27. No employee headcount disclosed.
2025-12-27divestiture_reductioncompleted2025-04-102025-12-02GlobalVersaceother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Versace business to Prada completed 2025-12-02 for gross proceeds of $1.395 billion. No employee headcount associated with the divestiture disclosed.
2025-12-27restructuringcompleted2024-10-012025-09-27GlobalRetail StoresUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Global Optimization Plan concluded as of Q2 FY26. Q3 FY26 charges of $12M primarily related to lease terminations and severance costs. 30 retail stores closed during the nine months ended Dec 27, 2025.
2025-12-27restructuringcompleted2024-12-312026-06-30GlobalRetailUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global Optimization Plan concluded in Q2 FY2026. Q3 FY2026 charges of $12M primarily for lease terminations and severance. 30 retail stores closed YTD.
2025-12-27divestiture_reductioncompleted2025-04-102025-12-02GlobalVersacediscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Versace business completed Dec 2, 2025. Headcount removed from continuing operations. No specific employee count disclosed.
2025-12-27restructuringin_progressEmployee Severance [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-27restructuringin_progressFacility Closing [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-27restructuringin_progressFiscal Year 2025 Global Optimization Plan [Member]USD 20,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-27plant_closurecompleted2025-09-27GlobalRetail (Michael Kors and Jimmy Choo)USD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
15 retail stores closed during the quarter under the Global Optimization Plan (30 closed year-to-date); net restructuring charge of $2M for the quarter and $3M YTD, primarily severance and store closure costs. No employee count disclosed; plan concluded as of 2025-09-27.
2025-09-27divestiture_reductionin_progress2025-04-10GlobalVersaceother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of the Versace business to Prada for $1.375 billion in cash, anticipated to close in the second half of calendar 2025; Versace results reported as discontinued operations. No headcount associated with the divestiture is disclosed.
2025-09-27restructuringin_progress2024-12-31GlobalRetail StoresUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Global Optimization Plan approved Q4 FY2024. 15 retail stores closed in Q2 FY2026. Net restructuring charges of $2 million recorded, primarily for severance and store closure costs, partially offset by gains on lease terminations.
2025-09-27restructuringin_progress2024-12-31GlobalRetail StoresUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Global Optimization Plan YTD FY2026. 30 retail stores closed in first six months. Net restructuring charges of $3 million recorded, primarily for severance and store closure costs, partially offset by gains on lease terminations.
2025-09-27restructuringin_progress2024-12-31GlobalRetail StoresUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global Optimization Plan: 15 retail stores closed in Q2 2025. Charges primarily related to severance and store closure costs, partially offset by gains on lease terminations.
2025-09-27restructuringin_progress2024-12-31GlobalRetail StoresUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global Optimization Plan: 30 retail stores closed YTD 2025. Charges primarily related to severance and store closure costs, partially offset by gains on lease terminations.
2025-09-27restructuringin_progressEmployee Severance [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-27restructuringin_progressFacility Closing [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-27restructuringin_progressFiscal Year 2025 Global Optimization Plan [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-28plant_closurein_progress2024-02-01GlobalRetail (Michael Kors, Jimmy Choo)USD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Global Optimization Plan: 15 retail stores closed during the quarter; net restructuring charge of $1M for severance and store closure costs, offset by lease termination gains. No employee count disclosed. Program announced in Q4 Fiscal 2024.
2025-06-28divestiture_reductionin_progress2025-04-102025-12-31GlobalVersaceother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Versace business to Prada S.p.A. for $1.375B; expected to close in second half of calendar 2025. No headcount associated with the divestiture disclosed.
2025-06-28restructuringin_progress2024-10-31GlobalRetail StoresUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Global Optimization Plan approved in Q4 FY2024. 15 retail stores closed in Q1 FY2026. Net charge of $1M primarily for severance and store closure costs, partially offset by gains on lease terminations. Employee count not disclosed.
2025-06-28restructuringin_progress2024-12-31GlobalCorporate / RetailUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global Optimization Plan. 15 retail stores closed. Net charge of $1M primarily for severance and store closure costs, offset by gains on lease terminations.
2025-06-28restructuringin_progressEmployee Severance [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-28restructuringin_progressFacility Closing [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-28restructuringin_progressFiscal Year 2025 Global Optimization Plan [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-29restructuringin_progressGlobalCompany-wide; retail store fleet and corporate functionsUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Global Optimization Plan approved by the Board in Q4 Fiscal 2024; 83 retail stores closed during Fiscal 2025 (40 in Q4), with net restructuring expense of $7M for severance and store closure costs offset by lease-termination gains. Employees affected not disclosed; program continues with further store-fleet optimization evaluated.
2025-03-29acquisition_additioncompleted2024-05-022024-05-02ItalyJimmy Choo (luxury footwear manufacturing)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Calzaturificio Sicla S.r.l. completed May 2, 2024 for $9M cash net of cash acquired, with $9M allocated to goodwill; acquired headcount not disclosed. Sicla Acquisition cited as a driver of lower Jimmy Choo gross margin in Fiscal 2025.
2025-03-29divestiture_reductionannounced2025-04-10GlobalVersacesubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Stock Purchase Agreement with Prada S.p.A. to sell the Versace business for $1.375B cash, subject to adjustments; held-for-sale accounting to be reported in Q1 Fiscal 2026. Closing subject to HSR clearance and other conditions, with a January 12, 2026 outside date subject to extension; affected headcount not disclosed.
2025-03-29restructuringin_progress2024-12-01GlobalRetail stores and corporateUSD 7 (millions)Item 9B. Other Information
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Board approved Global Optimization Plan in Q4 FY2024. During FY2025, 83 retail stores were closed. Net restructuring expense was $7 million, primarily related to severance and store closure costs, partially offset by gains on lease terminations. Exact headcount affected is not disclosed.
2025-03-29restructuringin_progress2024-12-31GlobalGlobal Optimization PlanUSD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Global Optimization Plan approved in Q4 Fiscal 2024. Fiscal 2025 net restructuring expenses of $7 million primarily related to severance and store closure costs, partially offset by gains on lease terminations. 83 retail stores closed during Fiscal 2025.
2025-03-29acquisition_additioncompleted2024-05-022024-05-02ItalyJimmy ChooUSD 9 (millions)business_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Calzaturificio Sicla S.r.l. completed May 2, 2024 for $9 million cash consideration. Employee count not explicitly disclosed.
2025-03-29restructuringin_progressEmployee Severance [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-03-29restructuringin_progressFacility Closing [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-03-29restructuringin_progressFiscal Year 2025 Global Optimization Plan [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-28restructuringin_progress2023-12-31GlobalRetail (all brands)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Global Optimization Plan approved in Q4 FY2024; 24 stores closed in Q3 and 43 YTD. Severance liability roll-forward disclosed but no employee counts given.
2024-12-28plant_closurein_progress2023-12-31GlobalRetail (all brands)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Store closures under Global Optimization Plan; 24 stores closed in Q3 FY2025, 43 YTD. No employee headcount impact disclosed.
2024-12-28restructuringin_progress2024-09-30GlobalRetail StoresUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of Global Optimization Plan announced Q4 FY2024. 24 stores closed in Q3 FY2025. Net restructuring income of $2 million primarily from lease termination gains offset by severance and closure costs.
2024-12-28restructuringin_progress2024-09-30GlobalRetail StoresUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of Global Optimization Plan. 43 stores closed YTD. Immaterial net restructuring expenses recorded for the nine months ended Dec 28, 2024.
2024-12-28restructuringin_progress2024-03-30GlobalCorporate / RetailUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global Optimization Plan. 43 retail stores closed YTD. $8M in severance and store closure costs recorded YTD, partially offset by $8M gains on lease terminations. Net restructuring income of $2M for Q3.
2024-12-28othercompleted2024-12-102024-12-10United StatesMichael Korsother
f5-10q / Qwen3.6-27B-Q8_0
Separation of executive Cedric Wilmotte. Agreement includes separation payments and general release of claims.
2024-12-28restructuringin_progressEmployee Severance [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-12-28restructuringin_progressFacility Closing [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-12-28restructuringin_progressFiscal Year 2025 Global Optimization Plan [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-28plant_closurein_progressGlobalRetail stores (Versace, Jimmy Choo, Michael Kors)USD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Global Optimization Plan: 19 retail stores closed YTD (8 in Q2). Net restructuring expense of $2M YTD ($1M in Q2), primarily lease termination and store closure costs. No employee count disclosed. Restructuring liability fell from $22M to $4M during the period.
2024-09-28restructuringin_progress2024-01-01GlobalRetail StoresUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Global Optimization Plan. 8 retail stores closed in Q2 2024. Net restructuring expenses of $1 million primarily related to lease termination and store closure costs. Employee count not disclosed.
2024-09-28acquisition_additioncompleted2024-05-022024-05-02ItalyJimmy ChooUSD 9 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Calzaturificio Sicla S.r.l. for $9 million cash. Identified assets/liabilities nominal. Goodwill recognized. Employee count not disclosed.
2024-09-28restructuringin_progress2024-01-01GlobalRetail OperationsUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global Optimization Plan: 8 retail stores closed in Q2 2024. Net restructuring expenses of $1 million recorded, primarily for lease termination and store closure costs. Employee count affected not disclosed.
2024-09-28restructuringin_progress2024-01-01GlobalRetail OperationsUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global Optimization Plan: 19 retail stores closed YTD 2024. Net restructuring expenses of $2 million recorded, primarily for lease termination and store closure costs. Employee count affected not disclosed.
2024-09-28restructuringin_progressEmployee Severance [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-28restructuringin_progressFacility Closing [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-28restructuringin_progressFiscal Year 2025 Global Optimization Plan [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-29restructuringin_progressGlobalAll segments (retail store network)USD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Board-approved Global Optimization Plan announced in Q4 Fiscal 2024; exact announcement date not stated. During the quarter the company closed 11 retail stores under the plan. Net restructuring expense of $1M, primarily lease termination and store closure costs; excludes $2M of lease termination and store closure costs recorded against right-of-use assets. Restructuring liability fell from $22M (2024-03-30) to $9M (2024-06-29) after $12M of payments. No employee-affected count disclosed; exact amounts and timing of future charges described as undeterminable.
2024-06-29acquisition_additioncompleted2024-05-02ItalyJimmy Choo (shoe manufacturing)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Calzaturificio Sicla S.r.l. completed 2024-05-02 for $9M cash net of cash acquired, with $9M allocated to goodwill in the Jimmy Choo segment. No headcount added through the acquisition is disclosed.
2024-06-29restructuringin_progress2024-01-01GlobalRetailUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Global Optimization Plan; 11 retail stores closed. Net restructuring expenses of $1 million primarily related to lease termination and store closure costs. Employee count not disclosed.
2024-06-29restructuringin_progress2024-01-01GlobalGlobal Optimization PlanUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Net restructuring expenses of $1 million recorded, primarily related to lease termination and store closure costs. 11 retail stores closed. Employee count affected not disclosed.
2024-06-29restructuringin_progressEmployee Severance [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-29restructuringin_progressFacility Closing [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD -1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-29restructuringin_progressFiscal Year 2025 Global Optimization Plan [Member]USD -1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-30restructuringin_progress2025-09-30GlobalCompany-wide; retail store fleetUSD 26 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Board-approved Global Optimization Plan approved during Q4 Fiscal 2024 (exact announcement date not disclosed). Envisions global headcount reductions and closure of approximately 100 retail stores over the next 18 months; headcount reduction count not quantified. Expected one-time charges of $30M-$40M ($30M-$35M cash severance/employee costs, up to $5M lease termination/store closure); expected annualized savings of $80M-$90M. Net restructuring expense recorded in Fiscal 2024 was $26M ($22M organizational efficiency/severance, $4M lease termination and store closure); 7 retail stores closed during Fiscal 2024. Restructuring liability balance at year-end was $22M.
2024-03-30restructuringin_progress2024-01-012025-07-31GlobalGlobalUSD 26 (millions)Item_9B_Other_Information
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Board approved Global Optimization Plan in Q4 Fiscal 2024. Anticipates closure of approx 100 retail stores and global headcount reductions over 18 months. Net restructuring expenses recorded in Fiscal 2024 were $26 million. 7 stores closed during Fiscal 2024.
2024-03-30restructuringin_progress2024-01-012025-09-30GlobalGlobal Optimization PlanUSD 33 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Global Optimization Plan approved in Q4 Fiscal 2024. Anticipates global headcount reductions and closure of approx. 100 retail stores over next 18 months. Fiscal 2024 charges of $33M include $26M for Global Optimization Plan (7 stores closed, $22M severance, $4M lease termination) and $7M other restructuring costs. Expected annualized savings $80-90M.
2024-03-30restructuringin_progressEmployee Severance [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 22,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-03-30restructuringin_progressFacility Closing [Member] / Fiscal Year 2025 Global Optimization Plan [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-03-30restructuringin_progressFiscal Year 2025 Global Optimization Plan [Member]USD 24,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-30restructuringannounced2024-02-072025-08-31GlobalCorporate and retailUSD 35 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Global Optimization Plan approved 2024-02-07: headcount reductions and closure of ~100 retail stores over 18 months. One-time charges estimated $30–40M ($30–35M cash severance; up to $5M lease/store closure). ~$25–30M expected in Q4 FY2024. Expected FY2025 net cost savings of $80–90M. No employee count disclosed.
2023-12-30plant_closureannounced2024-02-072025-08-31GlobalRetailUSD 5 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 100 retail store closures over 18 months as part of Global Optimization Plan. Up to $5M of restructuring charges related to lease termination and store closure costs. No per-store headcount disclosed.
2023-12-30restructuringannounced2024-02-07GlobalGlobal Optimization PlanUSD 30 (millions)subsequent_events
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Board approved Global Optimization Plan on Feb 7, 2024. Anticipates global headcount reductions and closure of approx 100 retail stores over next 18 months. Estimated one-time restructuring charges of $30M-$40M, with $25M-$30M recognized in Q4 FY2024. Cash charges of $30M-$35M primarily for severance/employee costs; up to $5M for lease termination/store closure.
2023-12-30restructuringannounced2024-02-072025-08-07GlobalGlobalUSD 35 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Board approved Global Optimization Plan on Feb 7, 2024. Includes global headcount reductions and closure of approx 100 retail stores over next 18 months. Estimated one-time restructuring charges of $30M-$40M, with $30M-$35M in cash charges for severance and employee-related costs. Up to $5M for lease termination/store closure costs. $25M-$30M expected in Q4 Fiscal 2024.
2023-09-30restructuringcompletedGlobalVersace, Michael KorsUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Impairment charges of $20 million recognized for three and six months ended Sept 30, 2023, primarily related to operating lease right-of-use assets at certain Versace and Michael Kors store locations.
2023-09-30restructuringin_progressUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges primarily related to operating lease right-of-use assets at certain Versace and Michael Kors store locations. No employee count disclosed.
2023-07-01restructuringin_progressCorporaterestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Filer discloses severance expenses incurred during the quarter within restructuring and other (income) expense of $(2) million, but provides no employee count, charge amount, geography, or completion timing.
2023-07-01restructuringcompletedUSD -2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Net income of $2 million recorded, primarily related to a $10 million gain on sale of long-lived corporate asset, partially offset by severance expenses and Versace acquisition-related equity awards.
2023-07-01restructuringin_progressUSD -2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Recorded other income of $2 million primarily related to a $10 million gain on sale of corporate asset, partially offset by expenses related to equity awards associated with the acquisition of Versace and severance expenses incurred during the first quarter.
2023-04-01restructuringcompletedCorporate / Versace acquisition-relatedUSD 16 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fiscal 2023 restructuring and other charges of $16 million, described as primarily relating to equity awards associated with the Versace acquisition; no employee count, announcement date, or completion timeline disclosed. Prior-year Capri Retail Store Optimization Program (167 store closures) was completed in Fiscal 2022 and is excluded.
2023-04-01restructuringcompletedGlobalRetailUSD 9 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program. $9 million in restructuring charges recognized in Fiscal 2023 related to store closures. Program completed in Fiscal 2022 with 167 total stores closed.
2022-12-31restructuringcompletedGlobalRetailUSD 14 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Capri Retail Store Optimization Program finalized at end of Fiscal 2022 with 167 store closures. Total net restructuring charges of $14 million recorded for the full fiscal year.
2022-12-31restructuringcompletedGlobalRetailUSD 9 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Net restructuring charges of $9 million recorded during Fiscal 2022 relating to the Capri Retail Store Optimization Program.
2022-12-31restructuringcompletedGlobalRetailUSD 5 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Net restructuring charges of $5 million recorded during Fiscal 2021 relating to the Capri Retail Store Optimization Program.
2022-12-31plant_closurecompleted2022-04-02GlobalRetailUSD 14 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program completed in Fiscal 2022. 167 stores closed total. Total net restructuring charges of $14 million recorded for the program. No specific employee count disclosed for the closures in this filing.
2022-10-01restructuringcompletedGlobalRetailUSD 14 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Capri Retail Store Optimization Program finalized; 167 stores closed in Fiscal 2022 with total net restructuring charges of $14 million.
2022-10-01restructuringcompletedGlobalRetailUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program completed in Fiscal 2022. Q2 2023 charges of $3M primarily related to equity awards associated with the acquisition of Versace. No employee count disclosed for current period activity.
2022-07-02restructuringcompletedUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Company completed Capri Retail Store Optimization Program in Fiscal 2022. Current quarter charges of $3 million primarily related to equity awards associated with the acquisition of Versace.
2022-04-02plant_closurecompleted2022-04-02GlobalRetailUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Capri Retail Store Optimization Program completed in Q4 Fiscal 2022. 66 stores closed during Fiscal 2022 (167 cumulative since inception, of which 101 closed in Fiscal 2021). Net restructuring charges of $9M recorded in Fiscal 2022 ($14M cumulative, $5M in Fiscal 2021); excludes $10M of related ROU asset impairment. Employees affected not disclosed. Program announcement date not stated in this filing.
2022-04-02restructuringin_progressCorporateUSD 15 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Other restructuring charges recorded in Fiscal 2022, described as primarily severance for an executive officer together with closure of certain corporate locations. Employees affected, geography and completion timing not disclosed. Total restructuring and other charges for Fiscal 2022 were $42M, which also includes $18M of Versace acquisition equity award costs and the $9M store optimization charge.
2022-04-02otherin_progress12022-03-072022-09-02United StatesMichael Kors — Chief Executive Officerother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Executive separation of the Michael Kors CEO, effective 2022-03-07 with garden leave through 2022-09-02. Severance comprises $2.6M of salary continuation over two years, $5.2M representing two years of target annual cash incentive, and a $0.7M guaranteed Fiscal 2022 bonus, plus 20% of the RSU grant vesting by 2022-09-02. Charge components stated separately and not summed; may overlap with the executive officer severance recorded within Fiscal 2022 restructuring charges.
2022-04-02plant_closurecompleted2022-04-02GlobalRetailUSD 14 (millions)Item_9B_Other_Information
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Company completed plan to close 167 retail stores (66 in Fiscal 2022, 101 in Fiscal 2021). Net restructuring charges of $14 million total ($9 million in Fiscal 2022, $5 million in Fiscal 2021).
2022-04-02restructuringcompleted2022-04-02GlobalRetailUSD 9 (millions)Item_9B_Other_Information
f5-10k / Qwen3.6-27B-Q8_0
Completed plan to close 167 retail stores total (66 in Fiscal 2022, 101 in Fiscal 2021). Fiscal 2022 net restructuring charges were $9 million. Employee count affected not explicitly disclosed.
2022-04-02restructuringin_progressEmployee Severance [Member] / Capri Retail Store Optimization Program [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-04-02restructuringin_progressContract Termination [Member] / Capri Retail Store Optimization Program [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-04-02restructuringin_progressCapri Retail Store Optimization Program [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-04-02restructuringin_progressContract Termination [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-25plant_closurein_progressGlobalRetail (Versace, Jimmy Choo, Michael Kors)USD 25 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Capri Retail Store Optimization Program targets closure of ~170 stores across Fiscal 2021–2022; 13 stores closed in Q3 and 39 YTD. Total one-time costs revised down from ~$75M to ~$25M. No employee-affected count disclosed.
2021-12-25restructuringin_progress2021-03-282022-04-02GlobalRetail StoresUSD 25 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Capri Retail Store Optimization Program intends to close approximately 170 retail stores. Total one-time costs revised to $25 million. 140 stores closed as of Dec 25, 2021. Net restructuring charges of $11 million recorded since inception.
2021-12-25restructuringin_progress2022-04-02GlobalRetail StoresUSD 25 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program: Closing approx. 170 stores through Fiscal 2022. Total expected one-time costs approx. $25 million. 39 stores closed in the nine months ended Dec 25, 2021. Net restructuring charges of $6 million recorded for the nine months ended Dec 25, 2021.
2021-12-25restructuringin_progressEmployee Severance [Member] / Capri Retail Store Optimization Program [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-12-25restructuringin_progressContract Termination [Member] / Capri Retail Store Optimization Program [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-12-25restructuringin_progressCapri Retail Store Optimization Program [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-12-25restructuringin_progressFacility Closing [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-25plant_closurein_progressGlobalRetail (Versace, Jimmy Choo, Michael Kors)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Capri Retail Store Optimization Program: approximately 170 store closures over two fiscal years beginning FY2021 and continuing into FY2022; 16 stores closed in Q2 and 26 YTD (127 since inception). Reassessed one-time program cost now ~$25M (previously ~$75M). No employee counts or specific announcement date disclosed.
2021-09-25plant_closurein_progressNot specifiedCorporateUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charges of $3M YTD ($2M in Q2) primarily related to closures of corporate locations; no employee counts disclosed.
2021-09-25restructuringin_progressGlobalRetail StoresUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Net restructuring gain of $1 million for Q2 2022 related to Capri Retail Store Optimization Program. Program targets closure of approx. 170 stores over two fiscal years.
2021-09-25restructuringin_progressGlobalRetail StoresUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Net restructuring gain of $4 million for YTD Q2 2022 related to Capri Retail Store Optimization Program. Program targets closure of approx. 170 stores over two fiscal years.
2021-09-25restructuringin_progress2022-04-02GlobalRetailUSD 25 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program: Closing approx. 170 stores over two fiscal years (Fiscal 2021-2022). Total expected one-time costs revised to $25 million. 26 stores closed in the six months ended Sept 25, 2021. Net restructuring gain of $4 million recorded for the period.
2021-09-25restructuringin_progressEmployee Severance [Member] / Capri Retail Store Optimization Program [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-25restructuringin_progressContract Termination [Member] / Capri Retail Store Optimization Program [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-25restructuringin_progressCapri Retail Store Optimization Program [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-25restructuringin_progressFacility Closing [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-26plant_closurein_progress2022-04-02Global (Americas, EMEA, Asia)Retail stores — Versace, Jimmy Choo, Michael KorsUSD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program to close approximately 170 retail stores over Fiscal 2021 and Fiscal 2022; 10 stores closed during the quarter and 111 closed since inception as of 2021-06-26. Approximately $75M of one-time costs expected for the full program. No employee-affected count disclosed; net restructuring charges of $(3)M recorded in the quarter (gain on lease terminations).
2021-06-26plant_closurein_progressNot specifiedCorporate locationsUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge of $1M during the quarter, primarily relating to closures of corporate locations. No employee-affected count disclosed.
2021-06-26restructuringin_progress2022-04-02GlobalRetail StoresUSD 75 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Capri Retail Store Optimization Program intends to close approx. 170 stores over two fiscal years (Fiscal 2021-2022). Total expected one-time costs are $75 million. 10 stores closed in Q1 FY2022. Net restructuring charges for the quarter were $(3) million.
2021-06-26restructuringcompletedGlobalCorporate LocationsUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Other restructuring charges of $1 million incurred during the three months ended June 26, 2021, primarily relating to closures of corporate locations.
2021-06-26restructuringin_progress2022-04-02GlobalRetailUSD -3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program: Intends to close approx. 170 stores over two fiscal years (Fiscal 2021-2022). 10 stores closed in Q2 FY2022. Net restructuring gain of $3M recorded, excluding gains on lease terminations offset by operating costs.
2021-06-26restructuringcompletedGlobalCorporateUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Other restructuring charges of $1M incurred, primarily relating to closures of corporate locations.
2021-06-26restructuringin_progressEmployee Severance [Member] / Capri Retail Store Optimization Program [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-26restructuringin_progressContract Termination [Member] / Capri Retail Store Optimization Program [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-26restructuringin_progressCapri Retail Store Optimization Program [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-26restructuringin_progressContract Termination [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-27plant_closurein_progressGlobalRetail (Versace, Jimmy Choo, Michael Kors)USD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program to close approximately 170 retail stores over two fiscal years beginning in Fiscal 2021, with approximately $75 million of one-time costs; 101 stores closed during Fiscal 2021 with net restructuring charges of $5 million. Employees affected not disclosed. Program announced prior to Fiscal 2021 (exact date not stated).
2021-03-27layoffin_progressGlobalRetailMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Temporarily furloughed or reduced work hours for a significant portion of retail employees, who remained eligible for employee benefits during the period; count not disclosed
2021-03-27reduction_in_forcecompletedGlobalCorporateMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reduced corporate workforce to generate additional payroll savings as a COVID-19 cash-preservation measure; count not disclosed
2021-03-27othercompletedGlobalCorporate and retailMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Board and executive compensation reductions and salary reductions at various levels across the organization for Fiscal 2021; counts not disclosed
2021-03-27restructuringin_progress2020-03-292022-03-27GlobalRetail StoresUSD 75 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Program to close approximately 170 retail stores over two fiscal years. As of March 27, 2021, 101 stores closed. Net restructuring charges of $5 million recorded in Fiscal 2021. Total expected one-time costs approximately $75 million.
2021-03-27restructuringcompletedGlobalCorporateUSD 8 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Charges primarily relating to closures of corporate locations during Fiscal 2021.
2021-03-27restructuringin_progress2020-09-012022-03-27GlobalRetailUSD 5 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program to close approximately 170 stores over two years. 101 stores closed as of March 27, 2021. Net restructuring charges of $5 million recorded in Fiscal 2021. Total expected one-time costs approximately $75 million.
2021-03-27restructuringcompletedGlobalCorporateUSD 8 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Charges primarily relating to closures of corporate locations during Fiscal 2021.
2021-03-27reduction_in_forcecompletedGlobalRetailUSD 24 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Severance expense of $24 million recorded within COVID-19 related charges in Fiscal 2021.
2021-03-27restructuringin_progressEmployee Severance [Member] / Capri Retail Store Optimization Program [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-03-27restructuringin_progressContract Termination [Member] / Capri Retail Store Optimization Program [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-03-27restructuringin_progressCapri Retail Store Optimization Program [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-03-27restructuringin_progressContract Termination [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-26plant_closurein_progress2022-03-31GlobalRetail (Versace, Jimmy Choo, Michael Kors)USD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Capri Retail Store Optimization Program: ~170 store closures over Fiscal 2021–2022; 66 stores closed YTD, 18 in Q3. No employee count disclosed.
2020-12-26restructuringin_progress2020-06-252022-03-27GlobalRetail StoresUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Capri Retail Store Optimization Program; 66 stores closed in nine months ended Dec 26, 2020. Total program targets ~170 store closures over two fiscal years with ~$75M one-time costs. Q3 charges were $1M net.
2020-12-26restructuringcompleted2019-03-312020-03-28GlobalMichael Kors Retailrestructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Michael Kors Retail Fleet Optimization Plan completed during fourth quarter of Fiscal 2020. No charges recorded in current quarter.
2020-12-26restructuringin_progress2022-03-31GlobalRetailUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program: Closing approx. 170 stores over Fiscal 2021 and 2022. 66 stores closed in the nine months ended Dec 26, 2020. Net restructuring charges of $1 million recorded for the nine months ended Dec 26, 2020. Employee count affected not disclosed.
2020-12-26restructuringin_progressEmployee Severance [Member] / Capri Retail Store Optimization Program [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-26restructuringin_progressContract Termination [Member] / Capri Retail Store Optimization Program [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-26restructuringin_progressCapri Retail Store Optimization Program [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-26restructuringin_progressContract Termination [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-26plant_closurein_progress2022-03-31GlobalRetail (Versace, Jimmy Choo, Michael Kors)USD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program to close approximately 170 retail stores over Fiscal 2021 and Fiscal 2022 with ~$75M one-time costs. 48 stores closed in six months ended 2020-09-26 (20 in Q2). No employee-affected count disclosed.
2020-09-26restructuringin_progress2020-03-292022-03-27GlobalRetailUSD 75 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Capri Retail Store Optimization Program to close approx. 170 stores over two fiscal years; $75M one-time costs expected.
2020-09-26restructuringin_progress2020-03-292022-03-27GlobalRetailUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Net restructuring charges recorded for six months ended Sept 26, 2020 related to Capri Retail Store Optimization Program.
2020-09-26restructuringin_progress2022-03-31GlobalRetailUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program: Closing approx. 170 stores over Fiscal 2021 and 2022. 48 stores closed in the six months ended Sept 26, 2020. Net restructuring charges of $5M recorded for the period. Employee count affected not disclosed.
2020-09-26othercompletedGlobalCorporateUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs primarily related to equity awards associated with the acquisition of Versace recorded during the six months ended Sept 26, 2020.
2020-09-26restructuringin_progressEmployee Severance [Member] / Capri Retail Store Optimization Program [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-26restructuringin_progressContract Termination [Member] / Capri Retail Store Optimization Program [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-26restructuringin_progressCapri Retail Store Optimization Program [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-27plant_closurein_progressGlobalRetail stores (all brands)USD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Capri Retail Store Optimization Program: 28 stores closed in Q1 FY2021; program targets ~170 store closures over FY2021-FY2022 with ~$75M total one-time costs. Employee counts not disclosed.
2020-06-27layoffin_progressGlobalCorporate / unallocatedUSD 5 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
COVID-19 related charges of $5M primarily severance costs, partially offset by a credit loss of $(6)M. Headcount affected not disclosed.
2020-06-27plant_closurein_progress2022-03-31GlobalRetailUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Capri Retail Store Optimization Program: 28 stores closed in Q1 FY2021; program targets ~170 store closures over two fiscal years with ~$75M total expected one-time costs.
2020-06-27othercompletedUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Costs primarily related to equity awards associated with the acquisition of Versace.
2020-06-27othercompletedUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
COVID-19 related charges primarily related to severance costs, partially offset by a credit loss of $(6) million.
2020-06-27restructuringin_progress2022-03-31GlobalRetailUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Capri Retail Store Optimization Program: Intends to close approx. 170 stores over Fiscal 2021 and 2022. Closed 28 stores in Q2 FY2021. Net restructuring charges of $3 million recorded. Total expected one-time costs approx. $75 million.
2020-06-27othercompletedGlobalCorporateUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
COVID-19 related charges primarily related to severance costs, partially offset by a credit loss of $(6) million. Total COVID-19 related charges of $5 million recorded in segment reconciliation.
2020-03-28plant_closurecompleted2020-03-28GlobalMichael Kors — retail storesUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Michael Kors Retail Fleet Optimization Plan: 43 stores closed in Fiscal 2020; cumulative 143 stores closed at $99 million total cost since plan inception. Plan completed as of end of Fiscal 2020. No employee-affected count disclosed.
2020-03-28plant_closureannounced2020-07-07GlobalRetail stores (all brands)USD 75 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Capri Retail Store Optimization Program approved by the Board on 2020-07-07 (after fiscal year-end): approximately 170 retail stores to be closed over Fiscal 2021 and Fiscal 2022, with approximately $75 million of one-time costs, majority expected to be future cash expenditures. No employee-affected count disclosed; completion window spans two fiscal years.
2020-03-28layoffin_progressGlobalRetail and corporate workforceMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
In response to COVID-19, company temporarily furloughed or reduced work hours for a significant portion of employees, who remained eligible for benefits during the period. Headcount and dates not quantified.
2020-03-28otherin_progressGlobalCorporateMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reduction of corporate workforce to generate payroll savings, alongside approximately 20% salary reductions across levels, 50% cut to board cash compensation, and application for European payroll subsidy programs for Fiscal 2021. Headcount not quantified.
2020-03-28acquisition_additioncompleted2019-12-162020-03-28ItalyJimmy Choo — manufacturingbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement entered 2019-12-16; transaction completed in Q4 Fiscal 2020. Italian atelier and shoe manufacturer acquired to develop and produce shoes for Jimmy Choo; $11 million recognized in goodwill. Headcount added not disclosed.
2020-03-28restructuringcompleted2020-03-28GlobalMichael KorsUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Michael Kors Retail Fleet Optimization Plan completed in Fiscal 2020. 43 stores closed during the year (143 total since inception). Restructuring charges of $5 million recorded in Fiscal 2020. Total costs of $99 million incurred since inception.
2020-03-28restructuringcompleted2020-03-28GlobalCorporateUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Other restructuring charges of $3 million primarily consisting of lease-related costs.
2020-03-28plant_closureannounced2020-07-072022-03-26GlobalRetailUSD 75 (millions)subsequent_events
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Capri Retail Store Optimization Program approved July 7, 2020. Plan to close approximately 170 retail stores over next two fiscal years. Expected one-time costs of approximately $75 million.
2020-03-28restructuringcompletedGlobalMichael KorsUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Michael Kors Retail Fleet Optimization Plan. 43 stores closed in Fiscal 2020 (143 total since inception). $5 million restructuring charges recorded in Fiscal 2020. Employee count affected not explicitly disclosed for the current year portion.
2020-03-28restructuringcompletedGlobalCorporate / OtherUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Other restructuring charges primarily consisting of lease-related costs. Employee count affected not disclosed.
2020-03-28othercompleted2020-03-28GlobalAll SegmentsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Furlough of all retail store employees in North America and many retail personnel elsewhere due to COVID-19. Reduction of corporate workforce to generate payroll savings. Salary reductions of approximately 20% at various levels.
2020-03-28restructuringin_progressRetail Fleet Optimization Plan [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-03-28restructuringin_progressEmployee Severance [Member] / Retail Fleet Optimization Plan [Member]USD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-03-28restructuringin_progressContract Termination [Member] / Retail Fleet Optimization Plan [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-03-28restructuringin_progressContract Termination [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-28plant_closurein_progress2020-03-31GlobalMichael Kors retailUSD 100 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Retail Fleet Optimization Plan: 129 of 100–150 planned Michael Kors store closures completed at $100M cumulative cost; 29 stores closed in nine months ended 2019-12-28. No employee count disclosed.
2019-12-28plant_closureannounced2020-02-05Mainland ChinaRetail (all brands)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 150 stores in Mainland China closed as of 2020-02-05 due to coronavirus outbreak; remaining open stores operating reduced hours with significantly reduced traffic. No employee count disclosed.
2019-12-28acquisition_additioncompleted2019-12-16ItalyManufacturing (shoe atelier)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Italian shoe manufacturer Alberto Gozzi S.r.L. signed 2019-12-16; completed in Q4 Fiscal 2020. No headcount disclosed.
2019-12-28restructuringin_progress2020-03-31GlobalMichael Kors RetailUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan: 29 Michael Kors stores closed in the nine months ended Dec 28, 2019 (129 total closed to date). Plan expects 100-150 store closures total. Completion anticipated by end of Fiscal 2020.
2019-12-28restructuringin_progressGlobalJimmy ChooUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Jimmy Choo lease-related charges recorded during the nine months ended Dec 28, 2019.
2019-12-28othercompleted2018-12-31GlobalVersaceUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Costs recorded in connection with the acquisition of Versace during the nine months ended Dec 28, 2019.
2019-12-28othercompleted2017-11-01GlobalJimmy ChooUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Costs recorded in connection with the acquisition of Jimmy Choo during the nine months ended Dec 28, 2019.
2019-12-28plant_closurein_progress2020-03-31GlobalMichael Kors RetailUSD 100 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: Closed 129 stores to date with $100M total cost. Plans to close 100-150 stores total by end of Fiscal 2020. Employee count not disclosed.
2019-12-28restructuringin_progressRetail Fleet Optimization Plan [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-12-28restructuringin_progressEmployee Severance [Member] / Retail Fleet Optimization Plan [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-12-28restructuringin_progressContract Termination [Member] / Retail Fleet Optimization Plan [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-12-28restructuringin_progressContract Termination [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-28plant_closurein_progress2017-05-312020-03-28GlobalMichael Kors RetailUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to close 100–125 Michael Kors stores; 23 stores closed in the six months ended 2019-09-28 (123 total since inception at $95M cost). No employee-affected count disclosed.
2019-09-28restructuringin_progress2017-05-312020-03-31GlobalMichael Kors RetailUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan. 23 stores closed in Q2 FY2020 (total 123 closed to date). $1M charge recorded in Q2 FY2020. Total cost to date $95M. Expected completion end of Fiscal 2020.
2019-09-28restructuringin_progressEMEACorporate / OtherUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Charges related to intent to exit certain agreements in EMEA region.
2019-09-28restructuringin_progressGlobalJimmy ChooUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Jimmy Choo lease-related charges recorded in Q2 FY2020.
2019-09-28othercompleted2019-07-092019-09-21United StatesExecutive / ManagementUSD 1 (millions)other
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Termination of Pascale Meyran effective September 21, 2019. Severance payment of $500,000.
2019-09-28plant_closurein_progress2017-05-312020-03-31GlobalMichael Kors RetailUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: Closed 23 Michael Kors stores in the six months ended Sept 28, 2019 (123 total since inception). Total cost since inception $95 million. Restructuring charges recorded in the six months ended Sept 28, 2019 were $1 million. Plan expected to finalize by end of Fiscal 2020.
2019-09-28restructuringin_progressEMEACorporate / OtherUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges of $1 million incurred in the three and six months ended Sept 28, 2019 related to intent to exit certain agreements in the EMEA region.
2019-09-28restructuringin_progressGlobalJimmy ChooUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges of $2 million relating to Jimmy Choo lease-related charges incurred in the six months ended Sept 28, 2019.
2019-09-28restructuringin_progressContract Termination [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-28restructuringin_progressRetail Fleet Optimization Plan [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-28restructuringin_progressEmployee Severance [Member] / Retail Fleet Optimization Plan [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-28restructuringin_progressContract Termination [Member] / Retail Fleet Optimization Plan [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-28restructuringin_progressContract Termination [Member] / Jimmy Choo [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-29plant_closurein_progress2017-05-312020-03-31GlobalMichael Kors RetailUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
13 Michael Kors stores closed during the quarter; 113 of 100–125 planned closures completed since inception. No employee count disclosed.
2019-06-29acquisition_additioncompleted2018-12-312018-12-31GlobalVersacebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Versace acquisition completed December 31, 2018; no headcount added disclosed in this filing.
2019-06-29restructuringin_progress2017-05-312020-03-31GlobalMichael Kors RetailUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan; 13 stores closed in Q1 FY2020 (113 total since inception). $1M charge recorded for lease-related costs. Employee count affected not disclosed.
2019-06-29restructuringin_progressGlobalJimmy ChooUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Lease-related charges for Jimmy Choo. Employee count affected not disclosed.
2019-06-29plant_closurein_progress2017-05-312020-03-31GlobalMichael Kors RetailUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: Closed 13 stores in Q1 FY2020 (113 total). $1M charge recorded. Plan expects $100-125M total one-time costs.
2019-06-29restructuringcompletedGlobalJimmy ChooUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Jimmy Choo lease-related charges.
2019-06-29restructuringin_progressRetail Fleet Optimization Plan [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-29restructuringin_progressEmployee Severance [Member] / Retail Fleet Optimization Plan [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-29restructuringin_progressContract Termination [Member] / Retail Fleet Optimization Plan [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-29restructuringin_progressContract Termination [Member] / Jimmy Choo [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-30plant_closurein_progress2017-05-312020-03-31GlobalMichael Kors retail (full-price stores)USD 41 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Retail Fleet Optimization Plan: 53 stores closed during Fiscal 2019 (100 cumulative since inception); $41M restructuring charge in FY2019, of which $3M severance/benefits and $38M lease-related. Program targets 100-125 store closures at $100-125M total one-time cost with ~$60M expected annual savings; employees affected not disclosed.
2019-03-30acquisition_additioncompleted2018-09-242018-12-31Global (headquartered in Italy)Versacebusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Gianni Versace S.r.l. completed December 31, 2018 for ~$2.005 billion; Versace headcount added not disclosed. Versace represented ~9% of total assets and ~3% of FY2019 revenue and was excluded from management's ICFR assessment.
2019-03-30restructuringin_progress2017-05-312020-03-28GlobalMichael Kors RetailUSD 41 (millions)Item 9B_Other_Information
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan: Closure of 100-125 Michael Kors full-price stores. 100 stores closed to date. $41M restructuring charges recorded in Fiscal 2019. Plan expected to finalize by end of Fiscal 2020.
2019-03-30acquisition_additioncompleted2018-09-242018-12-31GlobalVersaceItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Versace completed December 31, 2018. Headcount added not explicitly quantified in filing, but total employee count increased from 14,846 in FY2018 to 17,797 in FY2019.
2019-03-30acquisition_additioncompleted2017-07-252017-11-01GlobalJimmy ChooItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Jimmy Choo completed November 1, 2017. Headcount added not explicitly quantified in filing.
2019-03-30restructuringin_progress2017-05-312020-03-28GlobalMichael Kors RetailUSD 41 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: Closed 53 stores in Fiscal 2019 (100 total since inception). Anticipates finalizing remainder by end of Fiscal 2020. Total expected one-time costs $100-$125 million.
2019-03-30restructuringcompletedGlobalJimmy ChooUSD 4 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Jimmy Choo lease-related charges recorded in Fiscal 2019.
2019-03-30acquisition_additioncompleted2018-12-31GlobalVersacebusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Versace completed December 31, 2018. Specific headcount added not disclosed in filing.
2019-03-30acquisition_additioncompleted2017-11-01GlobalJimmy Choobusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Jimmy Choo completed November 1, 2017. Specific headcount added not disclosed in filing.
2019-03-30restructuringin_progressUSD 31,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-03-30restructuringin_progressContract Termination [Member] / Retail Fleet Optimization Plan [Member]USD 38,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-03-30restructuringin_progressContract Termination [Member] / Jimmy Choo [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-03-30restructuringin_progressEmployee Severance [Member] / Retail Fleet Optimization Plan [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-03-30restructuringin_progressRetail Fleet Optimization Plan [Member]USD 41,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-29restructuringin_progress2017-05-312020-03-31GlobalMK RetailUSD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Retail Fleet Optimization Plan: 24 stores closed in nine months ended 2018-12-29 (71 total since inception); no employee count disclosed; $9.5M charge is nine-month total, $4.1M in Q3; expected annual savings ~$60M; total one-time costs estimated $100–125M
2018-12-29acquisition_additioncompleted2018-09-242018-12-31GlobalVersacesubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Versace acquisition completed 2018-12-31 (after quarter end); enterprise value ~€1.753B (~$2.005B); no headcount disclosed; company renamed Capri Holdings Limited
2018-12-29acquisition_additioncompleted2017-07-252017-11-01GlobalJimmy Choobusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Jimmy Choo acquisition completed 2017-11-01; total transaction value $1.447B; no headcount disclosed; included for context as ongoing integration costs ($20.2M transaction/transition costs in nine months ended 2018-12-29) continue to be recognized
2018-12-29restructuringin_progress2017-05-312020-03-31GlobalMK RetailUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan. 24 stores closed in the nine months ended Dec 29, 2018 (71 total since inception). Charges include lease-related costs and severance. Plan expected to finalize by end of Fiscal 2020.
2018-12-29restructuringin_progressGlobalJimmy ChooUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Jimmy Choo lease-related charges recorded during the nine months ended Dec 29, 2018.
2018-12-29restructuringin_progress2017-05-312020-03-31GlobalMK RetailUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: Closure of 24 stores in the nine months ended Dec 29, 2018 (71 total since inception). Charges include lease-related costs and severance. Total expected one-time costs $100-$125 million.
2018-12-29restructuringin_progressGlobalJimmy ChooUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Jimmy Choo lease-related charges recorded during the nine months ended Dec 29, 2018.
2018-12-29restructuringin_progressContract Termination [Member] / Jimmy Choo [Member]USD 3,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-12-29restructuringin_progressRetail Fleet Optimization Plan [Member]USD 4,100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-12-29restructuringin_progressContract Termination [Member] / Retail Fleet Optimization Plan [Member]USD 9,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-12-29restructuringin_progressEmployee Severance [Member] / Retail Fleet Optimization Plan [Member]USD 200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-29plant_closurein_progress2017-05-312020-03-31GlobalMK RetailUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to close 100–125 Michael Kors retail stores; 66 closed since inception, 19 closed in the six months ended September 29, 2018. No employee headcount impact disclosed. Total one-time costs estimated at $100–125M; $5.4M restructuring charges recorded in the six-month period.
2018-09-29acquisition_additionannounced2018-09-242018-12-31ItalyCorporate / VersaceUSD 9 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Gianni Versace S.p.A. at enterprise value of approximately €1.830 billion (~$2.120 billion); expected to close in Q4 Fiscal 2019. No headcount disclosed. $9.2M transaction costs recorded in the six-month period. Company intends to rename to Capri Holdings Limited upon closing.
2018-09-29restructuringin_progress2017-05-312020-03-31GlobalMK RetailUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan: 19 stores closed in the six months ended Sept 29, 2018 (66 total since inception). Charges include lease-related costs and severance. Expected to close 100-125 stores total.
2018-09-29acquisition_additioncompleted2017-11-01GlobalJimmy ChooUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Transition costs recorded in connection with the acquisition of Jimmy Choo Group Limited. No specific headcount disclosed.
2018-09-29otherannounced2018-09-242019-03-31GlobalVersace AcquisitionUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Transaction and transition costs recorded in connection with the agreement to acquire Gianni Versace S.p.A. Expected to close in Q4 Fiscal 2019.
2018-09-29restructuringin_progress2017-05-312020-03-31GlobalMK RetailUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: Closed 19 stores in the six months ended Sept 29, 2018 (66 total since inception). Charges include lease-related and severance costs. Total expected one-time costs $100-$125 million.
2018-09-29restructuringin_progressGlobalJimmy ChooUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Jimmy Choo lease-related charges recorded during the three and six months ended Sept 29, 2018.
2018-09-29restructuringin_progressUSD 18,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-29restructuringin_progressContract Termination [Member] / Jimmy Choo [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-29restructuringin_progressRetail Fleet Optimization Plan [Member]USD 1,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-29restructuringin_progressJimmy Choo [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-29restructuringin_progressRetail Segment [Member]USD 17,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-29restructuringin_progressContract Termination [Member] / Retail Fleet Optimization Plan [Member]USD 5,100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-29restructuringin_progressEmployee Severance [Member] / Retail Fleet Optimization Plan [Member]USD 300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30plant_closurein_progress2017-05-312020-03-31MK RetailUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Retail Fleet Optimization Plan: 12 Michael Kors full-price stores closed during the quarter (59 of a planned 100-125 closed to date); $4.2M charge recorded, primarily lease-related with $0.1M severance and benefits. No employee affected count disclosed. Company expects to finalize remaining closures over the next two fiscal years (expected completion date inferred from that statement).
2018-06-30restructuringin_progress2017-05-31GlobalMK RetailUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan; 12 stores closed in Q1 FY2019; 59 closed to date. No specific employee count disclosed for this quarter's activity.
2018-06-30otherin_progress2017-11-01GlobalCorporate / Jimmy ChooUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Integration costs related to the acquisition of Jimmy Choo Group Limited. No specific employee count disclosed.
2018-06-30restructuringin_progress2017-05-312020-03-31GlobalMK RetailUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: Closed 12 Michael Kors full-price retail stores during the quarter. Total of 59 stores closed to date. Plan targets 100-125 closures over two years with expected one-time costs of $100-$125 million.
2018-06-30restructuringin_progress2017-11-01GlobalCorporate / Jimmy ChooUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Integration costs recorded in connection with the acquisition of Jimmy Choo Group Limited.
2018-06-30restructuringin_progressUSD 11,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressContract Termination [Member] / Retail Fleet Optimization Plan [Member]USD 4,100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressEmployee Severance [Member] / Retail Fleet Optimization Plan [Member]USD 100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressRetail Fleet Optimization Plan [Member]USD 4,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31plant_closurein_progress2017-05-312020-03-31GlobalMK RetailUSD 53 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year program to close 100-125 Michael Kors full-price retail stores with total expected one-time costs of $100-$125 million. During Fiscal 2018 the Company closed 47 stores and recorded $52.6 million of restructuring charges (lease-related costs of $51.9 million, including $29.0 million of losses on store lease exits, plus $0.7 million severance and benefits). No employee headcount affected is disclosed. Remaining closures expected over the next two fiscal years; an additional $50-$75 million of future cash expenditures is anticipated. Charge figure reflects current fiscal year activity only.
2018-03-31acquisition_additioncompleted2017-07-252017-11-01GlobalJimmy Choo segmentbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition completed November 1, 2017 for a total transaction value of $1.447 billion; Jimmy Choo headcount added to the consolidated workforce is not quantified in the filing. Jimmy Choo contributed $222.6 million of revenue for the stub period through March 31, 2018. Transaction costs of $40.6 million and transition costs of $8.9 million were recorded in restructuring and other charges for Fiscal 2018.
2018-03-31restructuringin_progress2017-05-31GlobalRetailUSD 53 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan: closure of 100-125 underperforming full-price retail stores. 47 stores closed in Fiscal 2018. $52.6 million in restructuring charges recorded. Employee count not disclosed.
2018-03-31acquisition_additioncompleted2017-11-01GlobalJimmy ChooItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Jimmy Choo Group Limited completed November 1, 2017. Headcount added not explicitly disclosed.
2018-03-31restructuringin_progress2017-05-31GlobalMK RetailUSD 53 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: Closed 47 full-price retail stores in Fiscal 2018. Total expected one-time costs $100-$125 million over two years. Fiscal 2018 charges included $51.9 million lease-related and $0.7 million severance.
2018-03-31acquisition_additioncompleted2017-11-01GlobalJimmy ChooItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Jimmy Choo Group Limited completed November 1, 2017. Specific headcount added not explicitly disclosed in text, but total employee count increased from 13,702 (FY2017) to 14,846 (FY2018).
2018-03-31restructuringin_progressUSD 44,300,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-03-31restructuringin_progressContract Termination [Member] / Retail Fleet Optimization Plan [Member]USD 51,900,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-03-31restructuringin_progressEmployee Severance [Member] / Retail Fleet Optimization Plan [Member]USD 700,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-03-31restructuringin_progressRetail Fleet Optimization Plan [Member]USD 52,600,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-30plant_closurein_progress2017-05-312019-05-31GlobalMK RetailUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Retail Fleet Optimization Plan: closing 100–125 full-price stores over two years; 24 stores closed in nine months ended 2017-12-30; total one-time costs estimated at $100–125M; no employee count disclosed.
2017-12-30acquisition_additioncompleted2017-07-252017-11-01GlobalJimmy ChooUSD 40 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Jimmy Choo acquisition completed 2017-11-01 for $1.447B total transaction value; headcount added not disclosed; $39.6M transaction costs for nine months ended 2017-12-30 recorded in restructuring and other charges.
2017-12-30restructuringin_progress2017-05-31GlobalMK RetailUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan: 24 stores closed in the nine months ended Dec 30, 2017. $2.4M charge for the three months ended Dec 30, 2017 primarily for lease termination and store closure costs. Total plan expects 100-125 store closures over two years.
2017-12-30acquisition_additioncompleted2017-11-01GlobalJimmy ChooUSD 1,447 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Jimmy Choo Group Limited completed Nov 1, 2017 for $1.447 billion. Headcount not explicitly disclosed.
2017-12-30restructuringin_progress2017-05-31GlobalMK RetailUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: Closing 100-125 full-price retail stores over two years. Q3 charges of $2.4M primarily for lease termination and store closure costs. YTD charges of $8.3M. Employee count affected not disclosed.
2017-12-30acquisition_additioncompleted2017-11-01GlobalJimmy Choobusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Jimmy Choo Group Limited completed Nov 1, 2017. Headcount added not explicitly disclosed.
2017-12-30restructuringin_progressUSD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-12-30restructuringin_progressRetail Fleet Optimization Plan [Member]USD 2,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-12-30restructuringin_progressJimmy Cho PLC [Member] / Restatement Adjustment [Member]USD 17,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30plant_closurein_progress2017-05-31Global (Americas, Europe, Asia)RetailUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Retail Fleet Optimization Plan: close 100-125 full-price stores over two years at an expected $100-125 million one-time cost, with roughly $60 million anticipated annual savings. During the six months ended 2017-09-30 the company finalized 38 store closures, 10 already closed; $5.9 million of charges recorded (lease termination $5.3M, severance $0.6M), $5.0 million paid, $0.9 million liability remaining. No employee count disclosed; completion window stated only as 'over the next two years' from May 2017. Related $16.3 million long-lived asset impairment on underperforming stores recorded in the same period.
2017-09-30acquisition_additioncompleted2017-07-252017-11-01United KingdomJimmy Choo (luxury footwear and accessories)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Recommended cash offer for Jimmy Choo PLC at 230 pence per share (~£896 million; ~$1.40 billion total transaction value including refinancing) announced 2017-07-25 and closed 2017-11-01, after quarter end. Funded via $1.0 billion term loan draw, $450 million 4.000% senior notes issued 2017-10-20, and cash on hand. No headcount added disclosed; purchase accounting disclosures deferred to the Q3 FY2018 Form 10-Q.
2017-09-30restructuringin_progress2017-05-31GlobalRetailUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Retail Fleet Optimization Plan to close 100-125 stores over two years. $5.9M charges recorded for six months ended Sept 30, 2017 (lease termination and severance). 38 stores finalized for closure, 10 closed.
2017-09-30acquisition_additionannounced2017-07-252017-11-01GlobalOtherUSD 1,400 (millions)subsequent_events
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Jimmy Choo PLC announced July 25, 2017, closed November 1, 2017. Total transaction value approx $1.4 billion. Headcount not disclosed.
2017-09-30restructuringin_progress2017-05-31GlobalRetailUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Retail Fleet Optimization Plan: closing 100-125 stores over two years. 38 stores finalized for closure, 10 closed. Charges include $5.3M lease termination and $0.6M severance.
2017-09-30restructuringin_progressUSD 5,900,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-01plant_closurein_progress2017-05-312019-05-31GlobalRetailUSD 100 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Retail Fleet Optimization Plan: close 100-125 full-price retail stores over two years; one-time costs disclosed as a $100-$125 million range with expected ongoing annual savings of approximately $60 million. Ten store closures were finalized during the quarter, with related charges described as not material. No employee count associated with the closures is disclosed.
2017-07-01acquisition_additionannounced2017-07-252017-09-30United KingdomCorporate / Luxury fashionsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to acquire all outstanding shares of Jimmy Choo PLC at 230 pence per share (~£896 million; ~$1.35 billion including refinancing of existing debt), expected to close in Q3 Fiscal 2018. No headcount added is disclosed; funded via a £1.115 billion bridge facility and a matching undesignated GBP forward contract.
2017-07-01plant_closureannounced2017-05-31GlobalRetailUSD 113 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Company announced plan to close 100-125 full-price retail stores over two years. Expected one-time costs $100-$125 million. No specific headcount disclosed.
2017-07-01plant_closurein_progress2017-05-312019-04-01GlobalRetailUSD 113 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced 'Retail Fleet Optimization Plan' to close 100-125 full-price retail stores over two years. Expected one-time costs $100-$125 million. Ten stores finalized for closure in Q1 FY2018.
2017-04-01plant_closureannounced2017-05-31GlobalRetail — full-price retail storessubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Retail Optimization Plan to close between 100 and 125 full-price retail stores over Fiscal 2018 and Fiscal 2019; one-time costs estimated at $100-$125 million with anticipated ongoing annual savings of approximately $60 million. Board approved May 25, 2017; announced May 31, 2017. Employees affected not disclosed.
2017-04-01acquisition_additioncompleted2016-05-312016-05-31Greater China (China, Hong Kong, Macau, Taiwan)Retail and WholesaleUSD 500 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired 100% of Michael Kors (HK) Limited, the former Greater China licensee, for $500.0 million cash; consolidation began June 1, 2016. Headcount added through the acquisition is not disclosed; acquired business represented approximately 6.2% of total assets and 4.7% of total revenue.
2017-04-01plant_closureannounced2017-05-312019-04-01GlobalRetailUSD 113 (millions)subsequent_events
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Announced May 31, 2017. Plan to close 100-125 full-price retail stores over next two years. Expected one-time costs of $100-$125 million. Anticipated ongoing annual savings of $60 million.
2017-04-01plant_closureannounced2017-05-312019-04-01GlobalRetailUSD 113 (millions)subsequent_events
f5-10k / Qwen3.6-27B-Q8_0
Announced plan to close 100-125 full-price retail stores over next two years (Fiscal 2018-2019). Expected one-time costs of $100-$125 million. No specific employee count disclosed.
2016-07-02acquisition_additioncompleted2016-05-31Greater China (China, Hong Kong, Macau, Taiwan)Retail and Wholesalebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired 100% of Michael Kors (HK) Limited, former licensee, for $500.0 million cash; consolidation began June 1, 2016. No employee headcount disclosed; filing notes 94 retail stores associated with the acquired business as of July 2, 2016. Related $11.3 million of transaction costs recorded in SG&A for the quarter.
2016-04-02acquisition_additioncompleted2015-06-282015-06-28Latin AmericaRetailUSD 19 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company made $18.5M in contributions to obtain a 75% controlling interest in MK Panama, beginning consolidation in Q2 Fiscal 2016; 14 stores in Latin America were added to the store count. No employee count disclosed.
2016-04-02acquisition_additioncompleted2016-01-012016-01-01South KoreaRetail and WholesaleUSD 4 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired direct control of the previously licensed South Korean business upon license expiration for approximately $3.6M cash; 36 stores added to the store count. No employee count disclosed.
2016-04-02acquisition_additioncompleted2016-05-312016-05-31Greater China (China, Hong Kong, Macau, Taiwan)Retail and WholesaleUSD 500 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent to fiscal year-end, acquired 100% of Michael Kors (HK) Limited and subsidiaries (Greater China licensees) for $500.0M cash, subject to purchase price adjustments; consolidation begins June 2016. No employee count disclosed.
2016-04-02acquisition_additioncompleted2016-01-012016-01-01South KoreaRetail and WholesaleUSD 4 (millions)Item 1. Business - Competitive Strengths
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquired previously licensed business in South Korea on Jan 1, 2016. Cash consideration of $3.6 million. Headcount not explicitly disclosed in acquisition note, but 36 stores acquired.
2016-04-02acquisition_additioncompleted2015-06-282015-06-28Latin AmericaRetail and WholesaleUSD 19 (millions)Item 1. Business - Competitive Strengths
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Obtained controlling interest in MK Panama joint venture in Q2 Fiscal 2016. Cash consideration $3.0 million plus $15.5 million debt elimination. 14 stores included.
2016-04-02acquisition_additioncompleted2016-01-012016-01-01South KoreaRetail and Wholesalebusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquired direct control of previously licensed business in South Korea. Consolidated 36 stores. Specific headcount not disclosed.
2016-04-02acquisition_additioncompleted2015-06-282015-06-28Latin AmericaRetail and Wholesalebusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Obtained controlling interest in MK Panama joint venture. Consolidated 14 stores. Specific headcount not disclosed.
2016-04-02acquisition_additionannounced2016-05-312016-05-31Greater China RegionRetail and WholesaleUSD 500 (millions)subsequent_events
f5-10k / Qwen3.6-27B-Q8_0
Acquired 100% of stock of Michael Kors (HK) Limited and subsidiaries. Cash payment of $500 million. Specific headcount not disclosed.
2014-06-28othercompleted12014-06-132014-06-13USD 0 (millions)other
f5-10q / Qwen3.6-27B-Q8_0
Termination of Britton Russell effective June 13, 2014. Agreement provides for 6 months base compensation ($350k/yr) and medical benefits.