The fourth quarter revenues of Capri Holdings, a US-based global fashion luxury group, declined 11.3 per cent to $1.19 billion in fourth quarter (Q4) FY20, ended on March 28, 2020 compared to revenue of $1.34 billion in same quarter last year. The company reported a net loss of $551 million during the quarter compared to net income of $19 million in Q4 FY19.

Its gross profit for the quarter was $631 million as against $793 million in the corresponding quarter of last fiscal. The company incurred a loss from the operations of $536 million compared to income of $40 million in same quarter last year.

The company’s revenue in the Versace segment's jumped by 55.5 per cent to $213 million. Sales of Versace in the Americas grew to $53 million while in EMEA (Europe, Middle East and Africa) they grew to to $109 million and Asia to $51 million.

However, revenues of Jimmy Choo fell by 23.0 per cent to $107 million and those of Michael Kors dropped by 18.4 per cent to $872 million. Sales of Jimmy Choo during Q4 FY20 in Americas was $22 million, EMEA $54 million, and Asia $31 million. The revenues of Michael Kors decreased in all the regions with Americas declining by $600 million, EMEA by $169 million and Asia by $103 million.