Capri Holdings Ltd
For the period ended Mar 30, 2024. Filed May 29, 2024.
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FY2024 · Filed May 29, 2024
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Item 2. Properties
The following table sets forth the location, use and size of our significant distribution and corporate facilities as of March 30, 2024, all of which are leased with the exception of our distribution center in the Netherlands, our central warehouse in Italy and luxury shoe factory in Italy, which are owned. The leases expire at various times through Fiscal 2044, subject to renewal options.
| Location | Use | Approximate SquareFootage |
|---|---|---|
| Whittier, CA | Michael Kors United States Distribution Center | 1,179,000 |
| Venlo, Netherlands | Michael Kors and Jimmy Choo European Distribution Center | 1,096,000 |
| New York, NY | Michael Kors, Versace and Jimmy Choo United States Corporate Offices | 211,000 |
| Montreal, Quebec | Michael Kors and Jimmy Choo Canada Corporate Offices and Distribution Center | 150,000 |
| Novara, Italy | Versace European Distribution Center | 109,000 |
| Milan, Italy | Versace Corporate Offices | 90,000 |
| Milan, Italy | Versace Showroom | 54,000 |
| Novara, Italy | Versace Manufacturing and Distribution Center | 46,000 |
| Hong Kong, China | Michael Kors, Versace and Jimmy Choo Hong Kong Office | 45,000 |
| Pistoia, Italy | Capri Luxury Shoe Factory | 41,000 |
| East Rutherford, NJ | Michael Kors United States Corporate Offices | 31,000 |
| Milan, Italy | Michael Kors Regional Corporate Office and Showroom | 25,000 |
| Shanghai, China | Michael Kors, Versace and Jimmy Choo Regional Corporate Offices | 25,000 |
| London, England | Jimmy Choo Corporate Offices | 24,000 |
| London, England | Capri Corporate Headquarters and Michael Kors Regional Corporate Office | 19,000 |
| Manno, Switzerland | Michael Kors European Corporate Offices | 18,000 |
As of March 30, 2024, we also occupied 1,239 leased retail stores worldwide (including concessions). We consider our properties to be in good condition and believe that our facilities are adequate for our operations and provide sufficient capacity to meet our anticipated requirements.
Other than the land and building for our Michael Kors and Jimmy Choo European distribution center in the Netherlands, our Versace central warehouse in Italy and our Capri luxury shoe factory in Italy, property and equipment related to our stores (e.g. leasehold improvements, fixtures, etc.) and computer equipment, we did not own any material property as of March 30, 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.