Capri Holdings (CPRI) is a holding company exploiting three strong luxury brands: Michael Kors, Jimmy Choo and Versace. Over the past year the stock sold off drastically by 56 percent. My contribution in this article will be doublefold. Firstly, I will explain why a part of this sell-off is justifiable. Capri's net debt grew by overpaying for their recent acquisitions. As a consequence of investments in the Jimmy Choo and Versace brand, operating margins were under pressure as well. Secondly, I will demonstrate why the steep sell-off created a buying opportunity. Capri still