That’s on top of the $551 million profit loss last quarter.
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.
Designers and executives are recommending fewer, smaller and more season-less collections — and fewer markdowns.
Sergio Rossi and Santoni’s ceo Giuseppe Santoni also made important donations.
The Italian brand joins other luxury companies in supporting the fight against the coronavirus.
The fashion house teased its spring 2020 campaign by posting three videos on Instagram.
Set in Athens, the campaign was lensed by Dan Regan both in digital and analog formats.
The designer and the American artist created an holiday saga for the second issue of the London-based title.
“His work is revered globally for capturing the essence of a subject and promoting healthy ideals of beauty.”
The designer paid around 5 million euros for the villa located on Lake Maggiore.