---
schema_version: "secwatch.filing_event.v1"
accession: "0001530721-25-000148"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2025-12-02T23:59:59+00:00"
generated_at: "2026-05-16T15:42:12.634739+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Capri Holdings closes $1.375B sale of Versace to Prada; proceeds to repay debt

## Summary
- Sale of Versace to Prada completed for $1.375B in cash, subject to closing adjustments.
- Proceeds used to repay ~$729M of term loans, reducing leverage ratio significantly.
- CEO says focus on Michael Kors and Jimmy Choo; expects business to stabilize and return to growth in FY2027.
- Krista McDonough, Chief Legal & Sustainability Officer, receives $325K retention bonus for Versace sale role.
- Pro forma continuing ops (Michael Kors, Jimmy Choo) had $1.65B revenue in H1 FY2026.

## SEC filing metadata
- accession: 0001530721-25-000148
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2025-12-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530721/000153072125000148/0001530721-25-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000153072125000148/cpri-20251202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001530721-25-000148
- JSON: https://secwatch.observer/filing/0001530721-25-000148.json
- Plain text: https://secwatch.observer/filing/0001530721-25-000148.txt

## Source-grounded claims
- claim_id: f3c55f3ebdf8fda6298adf666bb261fec7edd77c
  claim: Capri Holdings Ltd completed a disposition involving Prada S.p.A for $1.375 billion in cash (closed 2025-12-02).
  evidence_excerpt: Capri Holdings Limited (“the Company”) completed the previously disclosed sale of certain subsidiaries of the Company which operated its Versace business to Prada S.p.A (“Prada”) for an aggregate purchase price of $1.375 billion in cash
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530721/000153072125000148/0001530721-25-000148-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.