01:19 PM EST, 02/20/2025 (MT Newswires) -- Capri Holdings ( CPRI ) , the parent company of Versace and Michael Kors, was downgraded two notches to BB from BBB- by S&P Global Ratings to reflect the company's "weak" operating performance over the past two years and expectations of negative sales trends in the coming year, S&P Global Ratings said Thursday.
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