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Capri Holdings looks to expand luxury portfolio as Versace beats sales expectations.

At the Morgan Stanley Virtual Global Consumer & Retail Conference on Thursday, Versace parent Capri Holdings said the Italian luxury house is on track to surpass 1 billion dollars in sales this year. Capri Holdings’ chief executive John Idol said “It just doesn’t happen in a year or two years. It takes five and it takes 10 years. So we’re a few...

18 hours ago