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Michael Kors-Owner Beats Revenue Estimates on Resilient Luxury Demand

Selasa, 09 Agustus 2022 | 18:05 WIB
Michael Kors-Owner Beats Revenue Estimates on Resilient Luxury Demand

ILUSTRASI. Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices. REUTERS/Rick Wilking/File Photo GLOBAL BUSINESS WEEK AHEAD

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates on Tuesday, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices.

The effects of 40-year-high inflation has shown little, if any, impact on middle- and high-income households who have been spending on designer labels since the return of socializing and will continue to do so undeterred by the economic crisis.

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