Michael Kors owner lifts annual revenue, earnings forecast as luxury demand returns

Michael Kors owner lifts annual revenue, earnings forecast as luxury demand returns

A shopper looks at a Michael Kors handbag on display at the Macy’s flagship store in New York.
Jeenah Moon | Bloomberg | Getty Images

Michael Kors parent Capri Holdings raised its fiscal 2022 forecast for profit and revenue on Tuesday, betting on a surge in demand for luxury products as consumers emerging out of lockdowns look to upgrade their wardrobes.
Capri, which also owns luxury brands…

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