That’s on top of the $551 million the retailer lost last quarter.
That’s on top of the $551 million profit loss last quarter.
The fashion house hopes to have the majority of its retail fleet open by July.
The company pledges net zero emissions and 100 percent renewable energy by 2025.
Capri said it was furloughing 7,000 in-store associates in North America and the new timeline for its store reopenings is closer to June 1.
In the meantime, roughly 7,000 employees in North America across the Michael Kors, Versace and Jimmy Choo brands will be furloughed, effective April 11.
Positive thinking has long worked for Kors. He’s not about to surrender now.
Denis, who took Jimmy Choo public and later helped with the sale to Capri Holdings, will be leave the business at the end of May.
The two brands performed well in the quarter, but Michael Kors continued to lag.