• Capri Holdings reports Q3 FY21 revenue of $1.3 bn

    Capri Holdings Limited, a US-based global fashion luxury group, has reported 17.1 per cent revenue decline to $1.3 billion in its third quarter (Q3) FY21 that ended on December 26, 2020, compared to the revenue of $1.5 billion in same quarter previous fiscal. Company’s net income for reported quarter dropped to $178 million (Q3 FY20: $209 million).   “Looking back over the last three quarters since the onset of Covid-19, we are encouraged by the performance of all our luxury houses, which illustrates the strength of our brands as well as the resilience and agility of our businesses,” John Idol, company’s chairman and chief executive officer, said in a…