Posted: 07/17/2025 03:08 am
Capri Holdings Limited (NYSE: CPRI), a global fashion luxury group, has navigated a complex financial landscape over recent years, highlighted by substantial executive compensation and legal entanglements. The company's leadership dynamics and its executives' remunerations provide insight into how it operates amid market vicissitudes.
A focal point of interest is the 2025 compensation awarded to Cedric Wilmotte, the Former Chief Executive Officer of Michael Kors, a division of Capri Holdings. Wilmotte received a total compensation package of $5,011,971, comprising a $1,000,000 salary, a $1,500,000 bonus, and $11,971 in other compensation. His impressive package reflects a substantive reward strategy without any stock or option awards.¹ This contrasts starkly with a more modest 2024 compensation for Jenna Hendricks, the Senior Vice President and Chief People Officer, whose package reached $2,317,764 primarily through salary and an incentive plan compensation of $50,000, alongside other compensations.²
In 2021, Chairman and CEO John D. Idol received a total compensation of $8,193,425, largely from an incentive plan compensation of over $2 million and other compensations significantly outnumbering his base salary.³ Meanwhile, the legal challenges faced by Capri were articulated in a series of class-action lawsuits related to alleged securities fraud. Prominent law firms such as Levi & Korsinsky, LLP announced legal actions against Capri Holdings for the class period between August 10, 2023, and October 24, 2024. The lawsuits claim significant financial losses for Capri's investors due to alleged misleading statements.⁴⁵
Market-wise, Capri Holdings has seen a volatile performance. Although it has capitalized on tariff relief offering short-term boosts, long-term sustainability remains in question, particularly around the brand strength of its portfolio.⁶ Recent market activity reveals a downward trend, with shares trading at $18.58 amid broader industry challenges, highlighted by a near 6% drop since the last earnings report. The stock's historical volatility is evident as it oscillated between a yearly high of $43.34 and a low of $11.86, painting a challenging environment for future growth.⁷
The ongoing legal proceedings, alongside competitive market dynamics, present both challenges and opportunities for Capri Holdings. The executive team's hefty compensation packages in the face of legal and market turbulence indicate a potential alignment of interest with stakeholders, even as questions linger about the long-term viability of Capri's strategic outlook.
:
1. SEC Edgar. (n.d.). Cedric Wilmotte Compensation. Retrieved from https://www.sec.gov/Archives/edgar/data/1530721/000153072125000078/0001530721-25-000078-index.htm
2. SEC Edgar. (n.d.). Jenna Hendricks Compensation. Retrieved from https://www.sec.gov/Archives/edgar/data/1530721/000153072124000058/0001530721-24-000058-index.htm
3. SEC Edgar. (n.d.). John D. Idol Compensation. Retrieved from https://www.sec.gov/Archives/edgar/data/1530721/000153072123000092/0001530721-23-000092-index.htm
4. Levi & Korsinsky. (2025, February 21). Filing of a Securities Class Action. Retrieved from https://zlk.com/pslra-1/capri-holdings-lawsuit-submission-form?prid=131411&wire=1
5. Bronstein, Gewirtz & Grossman, LLC. (2025, February 21). Capri Holdings Class Action Lawsuit. Retrieved from https://zlk.com
6. Seeking Alpha. (2025, May 29). Capri Holdings: Tariff Relief and Big Questions. Retrieved from https://seekingalpha.com/article/4790792-capri-holdings-tariff-relief-and-big-questions
7. Zacks. (2025, June 27). Capri Holdings Stock Performance. Retrieved from https://www.zacks.com/stock/news/2556204/why-is-capri-holdings-cpri-down-5-3-since-last-earnings-report
