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Versace on Pace to Meet Target Sooner Than Expected

Swiss Economy as SNB's Jordan Warns of Contraction
Photographer: Stefan Wermuth/Bloomberg

The chief executive officer of Capri Holdings Ltd. said he is optimistic about the outlook for the company’s three brands -- especially Versace. 

Revenue at the Italian fashion label, known for its extravagant and baroque designs, has been more robust than expected when Capri bought the company in 2018, in part because of strong accessory sales. The Italian luxury house could beat its mid-term revenue target of $2 billion sooner than anticipated, Idol said.