Capri Holdings Limited (CPRI) wants to become a luxury conglomerate. It already begun executing on this plan: The company acquired Versace SpA late last year. In addition it had already been owning the Jimmy Choo brand since 2017. Through those acquisitions Capri Holdings -which traded under the name of Michael Kors Ltd. until recently- diversified more into the luxury segment and decreases its reliance on the formerly eponymous brand.
Still other luxury names such as much larger groups LVMH Moet Hennessy Louis Vuitton SE (OTCPK:LVMHF;OTCPK:LVMUY) and Kering SA (