Dubai — December 18, 2019 — Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, is pleased to announce that it has signed a definitive agreement to acquire Italian atelier and shoe manufacturer Alberto Gozzi S.r.L. in Pistoia, Tuscany. The transaction is expected to close in the Company’s fourth fiscal quarter, subject to specified closing conditions.
The factory, owned and operated by the Gozzi family since its founding in 1974, has produced high-end shoes for many of the world’s top luxury brands over the years. In the immediate future, the factory will develop and produce shoes for Jimmy Choo and Versace. The production of Michael Kors Collection shoes will be added at a later date.
“We are excited to welcome all of Gozzi’s talented craftsmen to the Capri Holdings Group,” says John D. Idol, Chairman and CEO of Capri Holdings Limited. “This acquisition allows us to further align with the industry’s best practices and to strengthen our technical competencies while cementing our position in the global luxury market.”