Michael Kors Owner Slides After Cutting Full-Year Sales Forecast
Michael Kors Holdings Ltd. handbags sit on display at the Macy's Inc. flagship store in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Capri Holdings Ltd., the company behind Michael Kors and other luxury brands, tumbled the most in almost seven months after trimming its sales projection for the current year amid foreign currency weakness and lower revenue from wholesale.
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