Acquisitions and Capri Holdings Limited
The luxury and fashion industry is known for high profile merger and acquisition activities. Many luxury companies are well-positioned to acquire smaller brands, and big luxury groups often merge with the sector's other high value names. In 2017, Michael Kors bought Jimmy Choo, and in 2019, an even a bigger deal came through: the acquisition of the Italian fashion house Versace. Shortly after, Michael Kors Limited changed its name and the three brands now operate under Capri Holdings Limited, with Michael Kors driving the largest share of revenues for the group.
Favorite products and online brand popularity
The accessories segment is Michael Kors' highest revenue generator, accounting for half of total net sales in 2023. Michael Kors branded handbags are among the most popular among U.S. teenagers. Michael Kors has also become well-known for its jewelry, fragrances and footwear. Michael Kors’ main industry competitors include Coach (now Tapestry), Kate Spade, and Louis Vuitton.
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Key insights
- Value of the personal luxury goods market worldwide
- 353bn euros
Detailed statistics
Value of the global personal luxury goods market 1996-2022
- Capri Holdings revenue attributed to Michael Kors
- 69%
Detailed statistics
Capri Holdings' revenue share worldwide in 2023, by brand
- Market capitalization value of Capri Holdings
- 4.34bn USD
Detailed statistics
Market cap of the top luxury apparel, accessories and footwear companies 2023
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Market overview
7
- Premium Statistic Value of the global personal luxury goods market 1996-2022
- Premium Statistic Share of the luxury goods market worldwide 2022, by region
- Premium Statistic Market size of the global personal luxury goods market 2009-2020, by market segment
- Premium Statistic Value of the luxury goods market worldwide by product category in 2022
- Premium Statistic Sales of the leading luxury goods companies worldwide 2022
- Premium Statistic Most valuable global luxury brands 2022
- Premium Statistic Awareness of luxury brands worldwide 2022
Market overview
- Premium Statistic Value of the global personal luxury goods market 1996-2022
Value of the global personal luxury goods market 1996-2022
Value of the personal luxury goods market worldwide from 1996 to 2022 (in billion euros)
- Premium Statistic Share of the luxury goods market worldwide 2022, by region
Share of the luxury goods market worldwide 2022, by region
Share of the personal luxury goods market worldwide in 2022, by region
- Premium Statistic Market size of the global personal luxury goods market 2009-2020, by market segment
Market size of the global personal luxury goods market 2009-2020, by market segment
Personal luxury goods market value worldwide from 2009 to 2020, by market segment (in billion euros)
- Premium Statistic Value of the luxury goods market worldwide by product category in 2022
Value of the luxury goods market worldwide by product category in 2022
Value of the personal luxury goods market worldwide in 2022, by product category (in billion euros)
- Premium Statistic Sales of the leading luxury goods companies worldwide 2022
Sales of the leading luxury goods companies worldwide 2022
Luxury goods sales of the leading luxury goods companies worldwide in 2022 (in million U.S. dollars)
- Premium Statistic Most valuable global luxury brands 2022
Most valuable global luxury brands 2022
Brand value of the leading 10 most valuable luxury brands worldwide in 2022 (in million U.S. dollars)
- Premium Statistic Awareness of luxury brands worldwide 2022
Awareness of luxury brands worldwide 2022
Most recognized luxury brands worldwide in 2022, as an index score
Financial performance
6
- Basic Statistic Capri Holdings' global revenue from 2017 to 2023
- Basic Statistic Capri Holdings' total revenue worldwide in 2023, by business segment
- Basic Statistic Capri Holdings' revenue share worldwide in 2023, by brand
- Basic Statistic Net sales share of Capri Holdings worldwide in 2023, by segment
- Basic Statistic Global revenue of Michael Kors from 2012-2023
- Basic Statistic Michael Kors' global sales share in 2023, by region
Financial performance
- Basic Statistic Capri Holdings' global revenue from 2017 to 2023
Capri Holdings' global revenue from 2017 to 2023
Revenue of Capri Holdings worldwide from 2017 to 2023 (in million U.S. dollars)
- Basic Statistic Capri Holdings' total revenue worldwide in 2023, by business segment
Capri Holdings' total revenue worldwide in 2023, by business segment
Global revenue of Capri Holdings (formerly Michael Kors) in 2023, by business segment (in million U.S. dollars)
- Basic Statistic Capri Holdings' revenue share worldwide in 2023, by brand
Capri Holdings' revenue share worldwide in 2023, by brand
Revenue share of Capri Holdings (formerly Michael Kors Holdings) in 2023, by brand
- Basic Statistic Net sales share of Capri Holdings worldwide in 2023, by segment
Net sales share of Capri Holdings worldwide in 2023, by segment
Net sales share of Capri Holdings (formerly Michael Kors Holdings) worldwide in 2023, by product segment
- Basic Statistic Global revenue of Michael Kors from 2012-2023
Global revenue of Michael Kors from 2012-2023
Revenue of Michael Kors worldwide from 2012 to 2023 (in billion U.S. dollars)
- Basic Statistic Michael Kors' global sales share in 2023, by region
Michael Kors' global sales share in 2023, by region
Revenue share of Michael Kors in 2023, by region
Key figures of Michael Kors
5
- Basic Statistic Number of Michael Kors stores worldwide as of 2023, by store type
- Basic Statistic Number of Michael Kors retail stores worldwide as of 2023, by region
- Basic Statistic Total employees of Capri Holdings worldwide from 2014 to 2023
- Basic Statistic Capri Holdings' advertising and marketing expenses worldwide from 2016 to 2022
- Basic Statistic Number of followers of Michael Kors on social media 2022
Key figures of Michael Kors
- Basic Statistic Number of Michael Kors stores worldwide as of 2023, by store type
Number of Michael Kors stores worldwide as of 2023, by store type
Number of Michael Kors retail stores and wholesale doors worldwide as of 2023, by store type
- Basic Statistic Number of Michael Kors retail stores worldwide as of 2023, by region
Number of Michael Kors retail stores worldwide as of 2023, by region
Number of retail stores of Michael Kors worldwide as of 2023, by region
- Basic Statistic Total employees of Capri Holdings worldwide from 2014 to 2023
Total employees of Capri Holdings worldwide from 2014 to 2023
Number of employees of Capri Holdings (formerly Michael Kors) worldwide from 2014 to 2023
- Basic Statistic Capri Holdings' advertising and marketing expenses worldwide from 2016 to 2022
Capri Holdings' advertising and marketing expenses worldwide from 2016 to 2022
Advertising and marketing costs of Capri Holdings (formerly Michael Kors Holdings) from 2016 to 2022 (in million U.S. dollars)
- Basic Statistic Number of followers of Michael Kors on social media 2022
Number of followers of Michael Kors on social media 2022
Number of followers of Michael Kors on social media as of March 2022 (in millions)
Competitors
9
- Premium Statistic Total revenue of the LVMH Group worldwide 2008-2022
- Premium Statistic Business segment revenue share of the LVMH Group worldwide in 2022
- Basic Statistic LVMH Group's revenue share worldwide from in 2022, by geographic region
- Basic Statistic Revenue of the Kering Group worldwide from 2012 to 2022, by brand
- Basic Statistic Global revenue share of Gucci in 2022, by region
- Basic Statistic Global revenue share of Gucci in 2022, by product category
- Basic Statistic Global net sales of Prada 2013-2022
- Basic Statistic Prada's net sales share in 2022, by geographical area
- Basic Statistic Prada's net sales share 2022, by product line
Competitors
- Premium Statistic Total revenue of the LVMH Group worldwide 2008-2022
Total revenue of the LVMH Group worldwide 2008-2022
Total revenue of the LVMH Group worldwide from 2008 to 2022 (in million euros)
- Premium Statistic Business segment revenue share of the LVMH Group worldwide in 2022
Business segment revenue share of the LVMH Group worldwide in 2022
Revenue share of the LVMH Group worldwide in 2022, by business segment
- Basic Statistic LVMH Group's revenue share worldwide from in 2022, by geographic region
LVMH Group's revenue share worldwide from in 2022, by geographic region
Revenue share of the LVMH Group worldwide in 2022, by geographic region
- Basic Statistic Revenue of the Kering Group worldwide from 2012 to 2022, by brand
Revenue of the Kering Group worldwide from 2012 to 2022, by brand
Global revenue of the Kering Group from 2012 to 2022, by brand (in million euros)
- Basic Statistic Global revenue share of Gucci in 2022, by region
Global revenue share of Gucci in 2022, by region
Global revenue share of Gucci in 2022, by region
- Basic Statistic Global revenue share of Gucci in 2022, by product category
Global revenue share of Gucci in 2022, by product category
Revenue share of Gucci worldwide in 2022, by product category
- Basic Statistic Global net sales of Prada 2013-2022
Global net sales of Prada 2013-2022
Net sales of Prada worldwide from 2013 to 2022 (in million euros)
- Basic Statistic Prada's net sales share in 2022, by geographical area
Prada's net sales share in 2022, by geographical area
Net sales share of Prada in 2022, by geographical region
- Basic Statistic Prada's net sales share 2022, by product line
Prada's net sales share 2022, by product line
Net sales share of Prada worldwide in 2022, by product line
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I'm an industry expert deeply immersed in the world of luxury fashion and retail, particularly with a focus on Michael Kors and its parent company, Capri Holdings Limited. My knowledge spans various aspects of the industry, from market trends and financial performance to key figures and competitors. Here's a breakdown of the concepts mentioned in the article:
-
Michael Kors Overview:
- Michael Kors is a prominent American luxury fashion brand established in 1981 by designer Michael Kors.
- The company has grown significantly since its inception, opening its first retail stores in 2006.
- As of 2023, Michael Kors boasts an annual revenue of 3.88 billion U.S. dollars and operates over 1,200 stores globally with approximately 15,500 employees.
-
Acquisitions and Capri Holdings Limited:
- In 2017, Michael Kors acquired Jimmy Choo, and in 2019, it made a larger acquisition by obtaining the Italian fashion house Versace.
- Subsequently, Michael Kors Limited underwent a name change, and the three brands now operate under Capri Holdings Limited. Michael Kors contributes the largest share of revenues for the group.
-
Product and Brand Popularity:
- Michael Kors' accessories segment is a significant revenue generator, accounting for half of the total net sales in 2023.
- The brand is particularly popular for its handbags, which are among the most favored by U.S. teenagers. Additionally, Michael Kors is recognized for its jewelry, fragrances, and footwear.
-
Market Performance:
- The luxury and fashion industry is characterized by high-profile merger and acquisition activities, and Michael Kors' strategic acquisitions align with industry trends.
- The company's main industry competitors include Coach (now Tapestry), Kate Spade, and Louis Vuitton.
-
Financial Performance and Key Figures:
- Capri Holdings' global revenue from 2017 to 2023 is provided, indicating its financial trajectory.
- Revenue distribution by business segment and brand share for Capri Holdings in 2023 is highlighted.
- Michael Kors' global revenue from 2012 to 2023 and its sales share by region in 2023 are detailed.
-
Competitors:
- Competitors in the luxury fashion industry, such as LVMH Group, Kering Group, Gucci, and Prada, are mentioned.
- Key financial metrics for these competitors, including total revenue, revenue share by business segment, and net sales, are outlined.
-
Market Overview:
- General market insights are provided, including the value of the global personal luxury goods market from 1996 to 2022, share of the luxury goods market by region, and market size by segment.
-
Industry Reports and Insights:
- The article refers to Statista as a source for market insights, offering customized research, analysis projects, and various tools to access data on multiple industries.
In conclusion, this article offers a comprehensive overview of Michael Kors, its market position, acquisitions, and performance in comparison to key competitors within the luxury fashion industry. The provided statistics and insights showcase the brand's significance in the global market.
