Capri Shrinks but Raises Its Outlook, Europe's Parcel Fees Could Raise Six Billion Euros a Year, and Nanushka Closes Its Stores
Saturday, October 31, 2026 · 10 min
Capri Holdings beat expectations and nudged up its full-year outlook as Jimmy Choo grew and Michael Kors cut promotions, while a Commission document seen by Reuters puts Europe's cheap-parcel fees at six billion euros a year just as a new two-euro charge arrives. Nanushka has closed all its stores and cut to 20 staff while it negotiates a restructuring.
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Show notes
Capri Holdings beat expectations and nudged up its full-year outlook as Jimmy Choo grew and Michael Kors cut promotions, while a Commission document seen by Reuters puts Europe's cheap-parcel fees at six billion euros a year just as a new two-euro charge arrives. Nanushka has closed all its stores and cut to 20 staff while it negotiates a restructuring.
In this episode
- Capri Holdings Limited Reports Second Quarter Fiscal 2027 Results — Business Wire
“Throughout the second quarter, trends improved sequentially each month across both of our luxury houses, reflecting the actions we have taken to sharpen our product assortments, elevate brand desirability and strengthen consumer engagement.”
- Exclusive-EU fees that hit cheap Shein, Temu parcels could raise €6 billion, document shows | live — Euronext
“European Union charges on cheap ecommerce packages entering the bloc, which target Chinese platforms such as Shein and Temu, could raise €6 billion a year for the EU budget from 2028 to 2034, a Commission document seen by Reuters on Friday showed.”
- Nanushka Struggles Amid Losses and Debt | BoF — Sarah Kent
“The label, which previously employed 150 people, has shrunk its headcount to just 20 and is continuing to downsize, board member Peter Baldaszti said in an email.”