Capri Holdings forecasted lower-than-expected revenue for fiscal 2024 and 2025 as it struggles with weakening luxury demand, particularly in the Americas and Asia. Capri, still reeling from the failed $8.5 billion merger with Tapestry, has faced declining sales across its brands — Versace, Jimmy Choo, and Michael Kors — with the latter seeing a 10% drop in the Americas and 27% in Asia. For fiscal 2025, Capri projects $4.1 billion in revenue, below the $4.52 billion analysts expected, while fiscal 2025 revenue is forecasted at $4.4 billion, missing the anticipated $4.51 billion. The company also reported a quarterly net loss of $547 million, largely due to a $602 million impairment charge.