1428 ET - Capri Holdings will likely not pursue a sale of Jimmy Choo, one of the two remaining brands in its portfolio, Jefferies analysts say in a research note. Management believes it remains a valuable asset with some category synergies, the analysts say. Overall, Capri will look to use part of proceeds for Michael Kors investments, though the turn around for the brand remains difficult in the current challenging macroeconomic environment, the analysts add. Capri shares drop 9.2% to $14.86. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 10, 2025 14:28 ET (18:28 GMT)
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