By Kathryn Hopkins
with contributions from Kellie Ell
 on February 6, 2019
Anja Rubik and Clément Chabernaud will appear in Jimmy Choo's spring advertising campaign. Photographed by British lensman Craig McDean, Rubik and Chabernaud are pictured in a glamorous New York apartment. Rubik is wearing pointy-toe ankle-strap sandals in one shot and cork sandals with a bejeweled gold buckle in another one. Chabernaud is pictured wearing a shiny Sixties Mod loafer style. The campaign, styled by Sarah Richardson, will debut on the brand's website and social media on Friday. "Anja encapsulates the confident style and spirit of the Jimmy Choo woman in her urban habitat," said Sandra Choi, Choo's creative director. "She's playfully provocative and comfortable in her own skin captured by Craig McDean and in natural moments of cat and mouse with Clément."

It appears that Jimmy Choo shoes were a popular holiday gift.

Shares in the newly named Capri Holdings Ltd. were up more than 5 percent in pre-market trading after the owner of Michael Kors and Versace, as well as the upmarket shoe brand, reported that it earned $1.76 a share in the third quarter thanks to Jimmy Choo, beating Wall Street’s forecast of $1.58 a share.

The third-quarter figures were not all rosy, as while Choo’s revenue rose from $115 million to $162 million, Michael Kors’ retail revenue fell 1 percent to $838 million and wholesale revenue declined 8.3 percent to $395 million, leaving overall retail revenue at Capri flat at $1.44 billion, below analysts’ expectations.

Since Capri only recently completed its purchase of Versace, it did not break out any third-quarter numbers for the Italian fashion house.

Capri’s net income, meanwhile, was $199.6 million, or $1.33 a diluted share in the third quarter, compared to $219.4 million, or $1.42 a diluted share in the prior year.

“Jimmy Choo delivered strong performance, as we continued to execute on our accelerated growth plans. In Michael Kors, we remain focused on executing our Runway 2020 strategic initiatives and expect our efforts will return the brand to growth next year,” John D. Idol, its chairman and chief executive officer, said.

For the full year, Capri expects total revenue to be about $5.22 billion, with Michael Kors contributing $4.51 billion, including a low single digit comparable store sales decline. Jimmy Choo’s revenue is expected to be about $580 million, a slight reduction from prior guidance reflecting an unfavorable foreign currency impact, while Versace revenue is forecast to contribute about $130 million.

Guidance includes Versace results for two months, as the company will report Versace on a one-month lag, and includes a full three months of interest costs related to the acquisition.

For fiscal 2020, Capri is penciling in total revenue to be about $6.1 billion, including about $900 million for Versace, $650 million for Jimmy Choo and $4.55 billion for Michael Kors.

Michael Kors Holdings Ltd. officially changed its name to Capri Holdings at the beginning of last month after it completed the acquisition of Versace.

The fashion group revealed it was buying Versace for $2.1 billion, or 1.8 billion euros, in September. Kors purchased Jimmy Choo in 2017 for $1.2 billion. Donatella Versace will remain the chief creative officer of the Versace brand, while founder Michael Kors will be in charge of the Kors brand.

Speaking to WWD before the release of Capri’s third-quarter numbers, Jay Sole, an analyst at UBS, said: “The holiday season, for the handbag industry in general, was actually somewhat challenging. The Michael Kors brand probably offered a few more promotions that it planned.”

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