Capri Holdings

Prada Group has posted "positive" results in the first quarter ended 31 March 2026, as demand for Miu Miu slows and the Middle East conflict drags on sales.

Luxury fashion brand Jimmy Choo has named Andy Holmes as its new senior vice-president, chief financial officer and operations, succeeding Richard Kozlowski, who is retiring from the business this month.

Prada Group’s revenues climbed 9% year on year to €5.718bn (£4.97bn) for the year to 31 December 2025, driven by continued growth at Miu Miu.

Versace has appointed Alaïa creative director Pieter Mulier as its new chief creative officer, effective 1 July 2026, marking a creative reset for the Italian luxury house following its acquisition by Prada Group.

Total revenue at Capri Holdings, which owns Michael Kors and Jimmy Choo, fell 4.0% year on year to $1.025bn (£74m) on a reported basis in the three months ended 27 December 2025, but it expects "strategies will support a return to growth".

Following the completion of Prada Group's acquisition of Versace for $1.25bn (£936m) on 2 December, creative director Dario Vitale will exit the house on 12 December after showing just one collection.