Capri profit misses as Hong Kong protests hurt Versace sales
Share:
(Reuters) - Capri Holdings Ltd missed Wall Street estimates for quarterly profit on Wednesday, as protests in Hong Kong and negative Chinese consumer reaction to an 'incorrectly labeled' T-shirt hurt sales of its Versace brand.Milan-based Versace had come under fire in China as the luxury label sold a T-shirt that identified the Chinese-controlled territories of Hong Kong and Macau as countries.Due to this, Versace lost its first Asia brand ambassador, Chinese actress Yang Mi, who terminated..