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Segment Information
 12 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates its business through three operating segments — Versace, Jimmy Choo and Michael Kors, which are based on its business activities and organization. The reportable segments are segments of the Company for which separate financial information is available and for which operating results are evaluated regularly by the Company’s chief operating decision maker (“CODM”), who is the Company’s Chairman and Chief Executive Officer, in deciding how to allocate resources, as well as in assessing performance. The primary key performance indicators are revenue and operating income for each segment. The Company’s reportable segments represent components of the business that offer similar merchandise, customer experience and sales/marketing strategies.
The Company’s three reportable segments are as follows:
•Versace — segment includes revenue generated through the sale of Versace luxury ready-to-wear, accessories and footwear through directly operated Versace boutiques throughout the Americas, certain parts of EMEA and certain parts of Asia, as well as through Versace outlet stores and e-commerce sites. In addition, revenue is generated through wholesale sales to distribution partners (including geographic licensing arrangements that allow third parties to use the Versace trademarks in connection with retail and/or wholesale sales of Versace branded products in specific geographic regions), multi-brand department stores and specialty stores worldwide, as well as through product license agreements in connection with the manufacturing and sale of the Versace Jeans Couture product line, fragrances, watches, eyewear and home furnishings.
•Jimmy Choo — segment includes revenue generated through the sale of Jimmy Choo luxury footwear, handbags and small leather goods through directly operated Jimmy Choo retail and outlet stores throughout the Americas, certain parts of EMEA and certain parts of Asia, through its e-commerce sites, as well as through wholesale sales of luxury goods to distribution partners (including geographic licensing arrangements that allow third parties to use the Jimmy Choo trademarks in connection with retail and/or wholesale sales of Jimmy Choo branded products in specific geographic regions), multi-brand department stores and specialty stores worldwide. In addition, revenue is generated through product licensing agreements, which allow third parties to use the Jimmy Choo brand name and trademarks in connection with the manufacturing and sale of fragrances and eyewear.
•Michael Kors — segment includes revenue generated through the sale of Michael Kors products through four primary Michael Kors retail formats: “Collection” stores, “Lifestyle” stores (including concessions), outlet stores and e-commerce sites, through which the Company sells Michael Kors products, as well as licensed products bearing the Michael Kors name, directly to consumers throughout the Americas, certain parts of EMEA and certain parts of Asia. The Company also sells Michael Kors products directly to department stores, primarily located across the Americas and Europe, to specialty stores and travel retail shops, and to its geographic licensees. In addition, revenue is generated through product and geographic licensing arrangements, which allow third parties to use the Michael Kors brand name and trademarks in connection with the manufacturing and sale of products, including watches, jewelry, fragrances and eyewear.
In addition to these reportable segments, the Company has certain corporate costs that are not directly attributable to its brands and, therefore, are not allocated to its segments. Such costs primarily include certain administrative, corporate occupancy, shared service and information technology systems expenses, including enterprise resource planning system implementation costs and Capri transformation program costs. In addition, certain other costs are not allocated to segments, including transaction related income (costs), impairment charges and restructuring and other expense. The segment structure is consistent with how the Company’s CODM plans and allocates resources, manages the business and assesses performance. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance.
The following table presents the key performance information of the Company’s reportable segments (in millions):
 Fiscal Years Ended
 March 29,
2025		March 30,
2024		April 1,
2023
Total revenue:
Versace$821 $1,030 $1,106 
Jimmy Choo605 618 633 
Michael Kors3,016 3,522 3,880 
Total revenue$4,442 $5,170 $5,619 
Cost of goods sold:
Versace$246 $306 $277 
Jimmy Choo200 192 186 
Michael Kors1,170 1,333 1,432 
Total cost of goods sold$1,616 $1,831 $1,895 
Selling, general and administrative expenses:
Versace$571 $644 $615 
Jimmy Choo393 394 380 
Michael Kors1,426 1,473 1,484 
Corporate191 273 229 
Total selling, general and administrative expenses$2,581 $2,784 $2,708 
Depreciation and amortization:
Versace$58 $55 $51 
Jimmy Choo29 29 29 
Michael Kors79 82 95 
Corporate27 22 4 
Total depreciation and amortization$193 $188 $179 
(Loss) income from operations:
Versace$(54)$25 $152 
Jimmy Choo(17)3 38 
Michael Kors341 634 868 
270 662 1,058 
Less:Corporate expenses(233)(275)(233)
Impairment of assets (1)
(797)(575)(142)
Transaction related income (costs)15 (20)— 
COVID-19 related charges (2)
— — 9 
Impact of war in Ukraine (3)
— — 3 
Restructuring and other expense (4)
(7)(33)(16)
(Loss) income from operations$(752)$(241)$679 
(1)Impairment of assets during Fiscal 2025 includes $656 million, $91 million and $50 million of impairment charges related to the Versace, Jimmy Choo and Michael Kors reportable segments, respectively. Impairment of assets during Fiscal 2024 includes $283 million, $267 million and $25 million of impairment charges related to the Versace, Jimmy Choo and Michael Kors reportable segments, respectively. Impairment of assets during Fiscal 2023 includes $2 million, $110 million and $30 million of impairment charges related to the Versace, Jimmy Choo and
Michael Kors reportable segments, respectively.
(2)COVID-19 related charges during Fiscal 2023 primarily include net inventory credits of $9 million and are recorded within costs of goods sold in the consolidated statements of operations and comprehensive (loss) income.
(3)These charges primarily relate to incremental credit losses and inventory reserves which are a direct impact of the war in Ukraine. Credit losses are recorded within selling, general and administrative expenses and inventory related costs are recorded within costs of goods sold in the consolidated statements of operations and comprehensive (loss) income.
(4)See Note 11 for details on the Company's restructuring program.
Total revenue (based on country of origin) and long-lived assets by geographic location are as follows (in millions):
 Fiscal Years Ended
 March 29,
2025		March 30,
2024		April 1,
2023
Revenue:
The Americas (1)
$2,479 $2,812 $3,220 
EMEA1,296 1,501 1,542 
Asia 667 857 857 
Total revenue$4,442 $5,170 $5,619 
 As of
March 29,
2025		March 30,
2024		April 1,
2023
Long-lived assets:
The Americas (1)
$857 $1,031 $882 
EMEA1,486 1,818 2,129 
Asia 499 562 599 
Total long-lived assets$2,842 $3,411 $3,610 
(1)Net revenues earned in the United States during Fiscal 2025, Fiscal 2024 and Fiscal 2023 were $2.258 billion, $2.546 billion and $2.951 billion, respectively. Long-lived assets located in the United States as of March 29, 2025, March 30, 2024 and April 1, 2023 were $812 million, $993 million and $826 million, respectively.
As of March 29, 2025, the Company’s total long-lived assets on its consolidated balance sheet were $2.842 billion, of which, $1.217 billion related to Michael Kors, $1.022 billion related to Versace and $603 million related to Jimmy Choo.
See Note 9 for the Company’s goodwill by reportable segment.
Total revenue by major product category are as follows (in millions):
 Fiscal Years Ended
 March 29,
2025		% of
Total		March 30,
2024		% of
Total		April 1,
2023		% of
Total
Accessories$2,183 49.1%$2,570 49.7%$2,826 50.3%
Footwear1,237 27.9%1,151 22.3%1,217 21.7%
Apparel601 13.6%965 18.7%1,107 19.7%
Licensing revenue201 4.5%219 4.2%211 3.8%
Licensed product192 4.3%230 4.4%222 4.0%
Other28 0.6%35 0.7%36 0.5%
Total revenue$4,442 $5,170 $5,619