Capri Raises Revenue Forecast As Demand For Luxury Fashion Booms

Michael Kors owner Capri Holdings Ltd on Wednesday reported a 24% jump in holiday-quarter sales and raised its full-year outlook, extending a string of strong performances from luxury goods companies as demand for high fashion soars.

Shares of the company, which also owns Versace and Jimmy Choo, jumped 11% in premarket trading, as it also forecast revenue and profit for the next fiscal year above estimates. Read more at Shore News Network.