Capri Holdings Reduces Net Debt After Versace Sale

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Capri Holdings Reduces Net Debt After Versace Sale

dealbreaker

6 months ago

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Capri Holdings Limited announced its financial results for the third quarter of Fiscal 2026, which showed a 4% decline in revenue on a reported basis to $1.03 billion. Fueled by its recent sale of Versace to Prada Group, Capri reduced its net debt to $80 million (compared to its net debt of $1.17 billion in Dec. 28, 2024).Third Quarter Fiscal 2026 Highlights [press release] For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partne...

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