Pricier bags to help Michael Kors parent ease through holiday cost pressures

(Reuters) – Michael Kors owner Capri Holdings Ltd on Wednesday raised its annual profit forecast, as it benefits from price increases and strong demand for its designer handbags and Jimmy Choo shoes, sending its shares up about 5% in premarket trade.

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FXEN NEWS

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Pricier bags to help Michael Kors parent ease through holiday cost pressures

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