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Michael Kors Is Now Capri Holdings

Sharon Bailey
Michael Kors Is Now Capri Holdings

Luxury Group Michael Kors (KORS) will now be known as Capri Holdings Limited. Effective January 2, 2019, it will trade on the New York Stock Exchange under the new ticker CPRI. The company missed revenue guidance for the second quarter of fiscal 2019, which brought the stock down 14.6% on November 7.