Capri Holdings Announces That Versace, Jimmy Choo and Michael Kors Will Donate Product to Victims of the Ukraine War
04 Abril 2022 - 1:19PM
Business Wire
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury
group, today announced that it will be donating over €1 million in
essential clothing (coats, sweaters and shoes) from Versace, Jimmy
Choo and Michael Kors through the company’s distribution center
located in Venlo, Netherlands, to aid those displaced by the
ongoing war in Ukraine.
To execute this initiative, Capri Holdings is utilizing the
collection points created by Venlo Helps Ukraine, a local
initiative created to organize the collection of clothing, medical
goods, non-perishable food and other essential items for
distribution within Poland and the Ukraine border.
After being transported to Warsaw at no cost by Rutilli, a
transportation and logistics company that has joined the cause, the
donated products will be distributed through A Shop Without Cash
Registers, an organization located in Brwinów, Poland. The
organization has set up a location in donated space at the Galeria
Brwinów Shopping Center, where the products and clothing are
displayed in a store-like environment, making it more convenient
for refugees to find the items they need.
About Capri Holdings Limited
Capri Holdings Limited is a global fashion luxury group,
consisting of iconic brands, Versace, Jimmy Choo and Michael Kors,
that are industry leaders in design, style and craftsmanship. Its
brands cover the full spectrum of fashion luxury categories
including women’s and men’s accessories, footwear and ready-to-wear
as well as wearable technology, watches, jewelry, eyewear and a
full line of fragrance products. The Company’s goal is to continue
to extend the global reach of its brands while ensuring that they
maintain their independence and exclusive DNA. Capri Holdings
Limited is publicly listed on the New York Stock Exchange under the
ticker CPRI.
About Venlo Helps Ukraine
Venlo Helps Ukraine collects a variety of goods—including
clothing, medical supplies, non-perishable food, survival gear and
monetary donations—to then deliver them within Poland and near the
Ukraine border. They are also organizing housing for refugees in
Poland and transporting refugees from the Ukraine border into
Poland, all supported by volunteers and volunteer transport.
About Rutilli
Autotrasporti Rutilli Adolfo S.r.l. is a transport and logistic
company based in Italy that has been operating for over thirty
years in the fashion supply chain. “Work smart, making the
difference” is our philosophy. Transport and logistics for Rutilli
mean connection and sharing of values. Rutilli is committed every
day to create relationships, reducing distances to link people and
goods throughout Europe.
About A Shop Without Cash Registers
Providing clothing and goods for free to those seeking refuge
from Ukraine, A Shop Without Cash Registers was founded by two
women from their own homes in Poland who wanted to find their own
way to support those in need. As the operation grew, the Galeria
Brwinów Shopping Center provided the initiative with space
rent-free to continue their work organizing the products and
placing them on hangers to provide a more comfortable and
convenient way for the refugees to find the items they most needed.
The organization has since expanded to a second location that is
geared towards legal aid, providing help with applying for
insurance, temporary job services, childcare and more.
Forward-Looking Statements
This press release contains statements which are, or may be
deemed to be, “forward-looking statements.” Forward-looking
statements are prospective in nature and are not based on
historical facts, but rather on current expectations and
projections of the management of Capri Holdings Limited (the
“Company”) about future events, and are therefore subject to risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. All statements other than statements of
historical facts included herein, may be forward-looking
statements. Without limitation, any statements preceded or followed
by or that include the words “plans”, “believes”, “expects”,
“intends”, “will”, “should”, “could”, “would”, “may”,
“anticipates”, “might” or similar words or phrases, are
forward-looking statements. These forward-looking statements are
not guarantees of future financial performance. Such
forward-looking statements involve known and unknown risks and
uncertainties that could significantly affect expected results and
are based on certain key assumptions, which could cause actual
results to differ materially from those projected or implied in any
forward-looking statements. These risks, uncertainties and other
factors include the effect of the COVID-19 pandemic and its
potential material and significant impact on the Company’s future
financial and operational results if retail stores are forced to
close again and the pandemic is prolonged, including that our
estimates could materially differ if the severity of the COVID-19
situation worsens, or if there are further supply chain
disruptions, including additional production delays and increased
costs, the length and severity of such outbreak across the globe
and the pace of recovery following the COVID-19 pandemic; levels of
cash flow and future availability of credit; compliance with
restrictive covenants under the Company’s credit agreement; the
Company’s ability to integrate successfully and to achieve
anticipated benefits of any acquisition and to successfully execute
our growth strategies; the risk of disruptions to the Company’s
businesses; risks associated with operating in international
markets (including the impact of the Russia-Ukraine conflict) and
our global sourcing activities; the risk of cybersecurity threats
and privacy or data security breaches; the negative effects of
events on the market price of the Company’s ordinary shares and its
operating results; significant transaction costs; unknown
liabilities; the risk of litigation and/or regulatory actions
related to the Company’s businesses; fluctuations in demand for the
Company’s products; levels of indebtedness (including the
indebtedness incurred in connection with acquisitions); the timing
and scope of future share buybacks, which may be made in open
market or privately negotiated transactions, and are subject to
market conditions, applicable legal requirements, trading
restrictions under the Company’s insider trading policy and other
relevant factors, and such share repurchases may be suspended or
discontinued at any time; the level of other investing activities
and uses of cash; changes in consumer traffic and retail trends;
loss of market share and industry competition; fluctuations in the
capital markets; fluctuations in interest and exchange rates; the
occurrence of unforeseen epidemics and pandemics, disasters or
catastrophes; political or economic instability in principal
markets; adverse outcomes in litigation; and general, local and
global economic, political, business and market conditions, as well
as those risks set forth in the Company’s filings with the U.S.
Securities and Exchange Commission, including the Company’s Annual
Report on Form 10-K for the fiscal year ended March 27, 2021 (File
No. 001-35368). Any forward-looking statement in this press release
speaks only as of the date made and the Company disclaims any
obligation to update or revise any forward-looking or other
statements contained herein other than in accordance with legal and
regulatory obligations.
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version on businesswire.com: https://www.businesswire.com/news/home/20220404005795/en/
Investor Relations: Jennifer Davis +1 (201) 514-8234
Jennifer.Davis@CapriHoldings.com
Media: Dinesh Kandiah +1 (917) 934-2427
Press@CapriHoldings.com
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