The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
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NEW YORK, United States — Michael Kors owner Capri Holdings Ltd beat quarterly revenue estimates on Thursday, buoyed by strong demand for its luxury apparel and accessories in China and surging online sales.
Total revenue fell to $1.11 billion in the second quarter ended September 26 from $1.44 billion a year earlier, due to a drop in retail demand, but beat analysts' expectations of $924.9 million, according to IBES data from Refinitiv.
By Aditi Sebastian and Uday Sampath; editor: Shinjini Ganguli.
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