Michael Kors, the name synonymous with accessible luxury, is not just a single brand but the cornerstone of a much larger fashion empire. The company, now operating under the umbrella of Capri Holdings Limited, boasts a portfolio of prestigious names that extend far beyond the original Michael Kors label. Understanding the current ownership structure and the brands under its control requires a look into the history of acquisitions and mergers that have shaped the company's evolution.
Capri Holdings Limited: The Parent Company
To understand what brands Michael Kors owns, we must first understand Capri Holdings Limited. Formerly known as Michael Kors Holdings Limited, this multinational fashion holding company, incorporated in the British Virgin Islands with executive offices in London and operational offices in New York, is the parent company holding the reins of several iconic fashion houses. Founded in 1981 by the eponymous designer, Michael Kors, the company's journey from a single brand to a luxury conglomerate is a testament to strategic acquisitions and a keen understanding of the luxury market. The name change to Capri Holdings Limited reflects this broader scope, signifying a move beyond the single brand identity.
The Key Acquisition: Versace
One of the most significant acquisitions in Capri Holdings' history, and a key answer to the question "What brands does Michael Kors own?", is the acquisition of Versace. In 2018, Michael Kors Holdings (now Capri Holdings) acquired the Italian luxury fashion house Versace for a staggering $2.12 billion. This deal immediately broadened Capri Holdings' portfolio, adding a brand with a rich history, a distinct aesthetic, and a powerful global presence. Addressing the question, "Who owns Versace company now?", the answer is unequivocally Capri Holdings Limited. The acquisition of Versace significantly altered the landscape of the luxury fashion industry, solidifying Capri Holdings' position as a major player. This answers the question "Michael Kors bought Versace" definitively.
The acquisition of Versace was a strategic move to diversify Capri Holdings' offerings and tap into a higher-end market segment than the core Michael Kors brand typically caters to. Versace's strong brand recognition, particularly in ready-to-wear, accessories, and fragrances, complemented Michael Kors' existing portfolio and allowed Capri Holdings to offer a wider range of luxury products to a broader consumer base.
Jimmy Choo: Another Jewel in the Crown
Another significant addition to the Capri Holdings portfolio is Jimmy Choo. This luxury footwear and accessories brand, known for its glamorous and high-end designs, became part of the Capri Holdings family in 2017. Addressing the question "Jimmy Choo parent company", the answer is Capri Holdings Limited. This acquisition further diversified Capri Holdings' offerings, extending its reach into the high-end footwear and accessories market. Jimmy Choo's strong brand recognition and loyal customer base have been valuable assets to Capri Holdings' overall strategy.
The Michael Kors Brand: The Foundation
While the acquisitions of Versace and Jimmy Choo have significantly expanded Capri Holdings' portfolio, it's crucial to remember that the Michael Kors brand itself remains a cornerstone of the company. The Michael Kors brand, known for its accessible luxury, continues to be a significant revenue generator. Its ready-to-wear clothing, handbags, accessories, watches, and jewelry cater to a large and diverse customer base, providing a solid foundation for the entire conglomerate.
Addressing Other Queries:
Several other questions arise frequently concerning Capri Holdings and its brands. Let's address some of them:
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