John D. Idol has ‘taken heart out of’ Versace, Michael Kors: sources

John D. Idol is a man who loves the gold logo, but according to multiple sources, it appears that the fashion executive has lost Midas's touch. Many CEOs of Capri Holdings created fortunes with America's largest brands, from Donacaran to Michael Kors before purchasing Italian Design House Versace for $2.1 billion in September 2018. Now […]

Michael Kors shuts down San Francisco Centre mall location

As fashion brand Michael Kors closes, major retailers continue to leave downtown San Francisco. This is further damaging the city's economy. The company announced last week that it would close its San Francisco Center Mall store. A sign posted at the store's entrance informed customers of the upcoming closure and directed them to the nearest […]

Coach parent blocked from merging with owner of Michael Kors

A U.S. judge on Thursday blocked the disputed $8.5 billion merger between handbag and accessories makers Tapestry and Capri, a victory for the Federal Trade Commission in an industry where merger issues are rare. The FTC argued in an eight-day trial in New York that the merger would eliminate fierce direct competition between the top […]