Capri raises revenue forecast on firm demand for luxury handbags, apparel

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(Reuters) – Michael Kors owner Capri Holdings (NYSE:CPRI) Ltd raised its full-year revenue forecast on Wednesday, as the company rides a boom in demand for luxury handbags and apparel in the United States and Europe.

The company now forecasts fiscal 2022 revenue of $5.56 billion, compared with its prior estimate of about $5.4 billion.