Capri Holdings Limited focuses on expanding its brands into the Asian market

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Capri Holdings Limited focuses on developing in Asian markets

Capri Holdings Limited focuses on developing in Asian markets

Capri Holdings Limited is the new name of Michael Kors Holding after successfully disposing of Versace. Currently the group owns famous brands: Michael Kors, Jimmy Choo and Versace and is tending to expand the market to Asia - Pacific region.

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Capri successfully purchased Versace to expand the brand to attack the Asian market/ Ph: hrinasia

Following the future plans, the group will reduce growth in the American market and increase growth in the potential Asian market in the hope of increasing revenue to US $ 8 billion. The chairman of Capri is aiming to create a luxury fashion group in the world.

There are many predictions for the development of merging fashion brands together. Many people who concerned about the group will diffuse these new brands. The organizational structure will be fine-tuned for future development with the goal of strongly growing in Asian markets.

After the period of operation, the groups revenue showed signs of decreasing, from $ 279.81 million (US $ 202.9 million) to $ 189.76 million (US $ 137.6 million), this is a negative sign for Capri.

The acquisition of new brands may be the cause of the decline in the groups revenue. This requires the whole corporation to focus on developing its brands to boost revenue in the coming time. Therefore, they choose to develop its brands in the potential Asian market.

In the near future, the group needs to come up with new development methods to create superior results.