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Segment Information
 9 Months Ended
Dec. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates its business through three operating segments — Versace, Jimmy Choo and Michael Kors, which are based on its business activities and organization. The reportable segments are segments of the Company for which separate financial information is available and for which operating results are evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources, as well as in assessing performance. The primary key performance indicators are revenue and operating income for each segment. The Company’s reportable segments represent components of the business that offer similar merchandise, customer experience and sales/marketing strategies.
The Company’s three reportable segments are as follows:
•Versace — segment includes revenue generated through the sale of Versace luxury ready-to-wear, accessories and footwear through directly operated Versace boutiques throughout the Americas, certain parts of EMEA and certain parts of Asia, as well as through Versace outlet stores and e-commerce sites. In addition, revenue is generated through wholesale sales to distribution partners (including geographic licensing arrangements that allow third parties to use the Versace trademarks in connection with retail and/or wholesale sales of Versace branded products in specific geographic regions), multi-brand department stores and specialty stores worldwide, as well as through product license agreements in connection with the manufacturing and sale of jeans, fragrances, watches, jewelry, eyewear and home furnishings.
•Jimmy Choo — segment includes revenue generated through the sale of Jimmy Choo luxury footwear, handbags and small leather goods and accessories through directly operated Jimmy Choo retail and outlet stores throughout the Americas, certain parts of EMEA and certain parts of Asia, through its e-commerce sites, as well as through wholesale sales of luxury goods to distribution partners (including geographic licensing arrangements that allow third parties to use the Jimmy Choo trademarks in connection with retail and/or wholesale sales of Jimmy Choo branded products in specific geographic regions), multi-brand department stores and specialty stores worldwide. In addition, revenue is generated through product licensing agreements, which allow third parties to use the Jimmy Choo brand name and trademarks in connection with the manufacturing and sale of fragrances and eyewear.
•Michael Kors — segment includes revenue generated through the sale of Michael Kors products through four primary Michael Kors retail store formats: “Collection” stores, “Lifestyle” stores (including concessions), outlet stores and e-commerce sites, through which the Company sells Michael Kors products, as well as licensed products bearing the Michael Kors name, directly to consumers throughout the Americas, certain parts of EMEA and certain parts of Asia. The Company also sells Michael Kors products directly to department stores, primarily located across the Americas and Europe, to specialty stores and travel retail shops, and to its geographic licensees. In addition, revenue is generated through product and geographic licensing arrangements, which allow third parties to use the Michael Kors brand name and trademarks in connection with the manufacturing and sale of products, including watches, jewelry, fragrances and eyewear.
In addition to these reportable segments, the Company has certain corporate costs that are not directly attributable to its brands and, therefore, are not allocated to its segments. Such costs primarily include certain administrative, corporate occupancy, shared service and information system expenses, including enterprise resource planning system implementation costs and Capri transformation program costs. In addition, certain other costs are not allocated to segments, including Merger related costs, impairment charges, the impact of the war in Ukraine, restructuring and other expense and COVID-19 related expenses. The segment structure is consistent with how the Company’s CODM plans and allocates resources, manages the business and assesses performance. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance.
The following table presents the key performance information of the Company’s reportable segments (in millions):
 Three Months EndedNine Months Ended
 December 30,
2023		December 31,
2022		December 30,
2023		December 31,
2022
Total revenue:
Versace$227 $249 $766 $832 
Jimmy Choo166 168 481 482 
Michael Kors1,034 1,095 2,700 2,970 
Total revenue$1,427 $1,512 $3,947 $4,284 
Income (loss) from operations:
Versace$(14)$24 $24 $138 
Jimmy Choo4 18 11 45 
Michael Kors219 251 518 721 
Total segment income from operations209 293 553 904 
Less: Corporate expenses
(68)(56)(210)(171)
Impairment of assets (1)
(6)(1)(26)(12)
Merger related costs(8)— (12)— 
Restructuring and other expense(5)(5)(3)(11)
COVID-19 related expenses— 2 — 6 
Impact of war in Ukraine— 3 — 3 
Total income from operations$122 $236 $302 $719 
(1)Impairment of assets during the three and nine months ended December 30, 2023 primarily relate to operating lease right-of-use assets at certain Versace and Michael Kors store locations. Impairment of assets during the nine months ended December 31, 2022 primarily relate to operating lease right-of-use assets at certain Michael Kors store locations.
Depreciation and amortization expense for each segment are as follows (in millions):
 Three Months EndedNine Months Ended
 December 30,
2023		December 31,
2022		December 30,
2023		December 31,
2022
Depreciation and amortization:
Versace$14 $12 $40 $36 
Jimmy Choo7 7 22 21 
Michael Kors20 22 61 70 
Corporate5 2 16 4 
Total depreciation and amortization$46 $43 $139 $131 
Total revenue (based on country of origin) by geographic location are as follows (in millions):
 Three Months EndedNine Months Ended
 December 30,
2023		December 31,
2022		December 30,
2023		December 31,
2022
Revenue:
The Americas (United States, Canada and Latin America) (1)
$843 $916 $2,165 $2,516 
EMEA376 395 1,149 1,159 
Asia208 201 633 609 
Total revenue$1,427 $1,512 $3,947 $4,284 
(1)Total revenue earned in the U.S. was $764 million and $1.959 billion, respectively, for the three and nine months ended December 30, 2023. Total revenue earned in the U.S. was $840 million and $2.312 billion, respectively, for the three and nine months ended December 31, 2022.