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Michael Kors owner Capri shares plunge after revenue falls across the retailer's luxury brands

Por: CNBC Business February 08, 2023

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In this articleA general view outside of a Michael Kors locationChristopher Jue Michael Kors Getty ImagesShares of Michael Kors owner plunged 20% in early trading Wednesday after the company missed earnings expectations and cut its annual profit forecast.High-end fashion companies outperformed many other industries last year amid decades-high inflation, but increasing prices have led some consumers to curb spending on luxury goods. Some industry... + full article



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