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Intangible Assets and Goodwill (Tables)
12 Months Ended
Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Values of Finite-Lived Intangible Assets
The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions):
 March 29, 2025March 30, 2024
 Gross
Carrying Amount
Accumulated
Amortization/Impairment
Net
Carrying Amount
Gross
Carrying Amount
Accumulated
Amortization/Impairment
Net
Carrying Amount
Definite-lived intangible assets:
Reacquired rights $400 $142 $258 $400 $126 $274 
Trademarks23 23 — 23 23 — 
Customer relationships (1)
407 206 201 401 165 236 
Total definite-lived intangible assets830 371 459 824 314 510 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
562 358 204 558 343 215 
Versace brand (3)
896 443 453 896 227 669 
Total indefinite-lived intangible assets1,458 801 657 1,454 570 884 
Total intangible assets, excluding goodwill$2,288 $1,172 $1,116 $2,278 $884 $1,394 
(1)The change in the carrying value since March 30, 2024 includes an impairment charge of $10 million and the impact of foreign currency translation adjustments.
(2)The change in the carrying value since March 30, 2024 reflects an impairment charge of $15 million and the impact of foreign currency translation adjustments. As of March 29, 2025, the Company had accumulated impairment charges of $358 million related to its Jimmy Choo brand intangible assets.
(3)The change in the carrying value since March 30, 2024 reflects an impairment charge of $216 million and the impact of foreign currency translation adjustments. As of March 29, 2025, the Company had accumulated impairment charges of $443 million related to its Versace brand intangible assets.
Schedule of Carrying Values of Indefinite-Lived Intangible Assets
The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions):
 March 29, 2025March 30, 2024
 Gross
Carrying Amount
Accumulated
Amortization/Impairment
Net
Carrying Amount
Gross
Carrying Amount
Accumulated
Amortization/Impairment
Net
Carrying Amount
Definite-lived intangible assets:
Reacquired rights $400 $142 $258 $400 $126 $274 
Trademarks23 23 — 23 23 — 
Customer relationships (1)
407 206 201 401 165 236 
Total definite-lived intangible assets830 371 459 824 314 510 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
562 358 204 558 343 215 
Versace brand (3)
896 443 453 896 227 669 
Total indefinite-lived intangible assets1,458 801 657 1,454 570 884 
Total intangible assets, excluding goodwill$2,288 $1,172 $1,116 $2,278 $884 $1,394 
(1)The change in the carrying value since March 30, 2024 includes an impairment charge of $10 million and the impact of foreign currency translation adjustments.
(2)The change in the carrying value since March 30, 2024 reflects an impairment charge of $15 million and the impact of foreign currency translation adjustments. As of March 29, 2025, the Company had accumulated impairment charges of $358 million related to its Jimmy Choo brand intangible assets.
(3)The change in the carrying value since March 30, 2024 reflects an impairment charge of $216 million and the impact of foreign currency translation adjustments. As of March 29, 2025, the Company had accumulated impairment charges of $443 million related to its Versace brand intangible assets.
Schedule of Estimated Amortization Expense
Estimated amortization expense for each of the next five years is as follows (in millions):
Fiscal 2026$42 
Fiscal 202742 
Fiscal 202842 
Fiscal 202942 
Fiscal 203042 
Fiscal 2031 and thereafter249 
Total$459 
Schedule of Changes in Goodwill for Reportable Segments
The following table details the changes in goodwill for each of the Company’s reportable segments (in millions):
VersaceJimmy ChooMichael Kors Total
Balance at April 1, 2023$857 $316 $120 $1,293 
Impairment charges (1)
— (192)— (192)
Foreign currency translation
(4)— 
Balance at March 30, 2024853 133 120 1,106 
Acquisition (2)
— — 
Impairment charges(1)
(364)(66)— (430)
Foreign currency translation
(1)— 
Balance at March 29, 2025$488 $80 $120 $688 
(1)The Company recorded impairment charges of $430 million during Fiscal 2025 related to the Versace Retail and Wholesale reporting units and the Jimmy Choo Wholesale reporting unit. As of March 29, 2025, the Company had accumulated impairment charges of $605 million related to its Jimmy Choo reporting units and $364 million related to its Versace reporting units, respectively.
(2)On May 2, 2024, the Company completed the acquisition of Calzaturificio Sicla S.r.l. (“Sicla Acquisition”), an Italian shoe manufacturer, for cash consideration of $9 million, net of cash acquired. The acquired identifiable assets and liabilities net to a nominal amount, with $9 million recognized in goodwill allocated to the Jimmy Choo reportable segment.