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Business

Capri Holdings Charts Turnaround Path After Versace Sale, Eyes 2027 Growth

Capri Holdings reports mixed Q3 FY2026 results, with Michael Kors revenue down but showing sequential improvement, while Jimmy Choo posts a 5% gain. The company, now streamlined after the Versace divestiture, outlines a strategic pivot focused on full-price sales, brand storytelling, and debt reduction, forecasting a return to growth next fiscal year.

World

Lord Mandelson Resigns from House of Lords Amid Deepening Epstein Scandal

Peter Mandelson, the former UK ambassador to the US and a senior Labour figure, has announced his retirement from the House of Lords as pressure mounts over his disclosed ties to the late financier and convicted sex offender Jeffrey Epstein. The move follows Prime Minister Keir Starmer's condemnation and comes as authorities on both sides of the Atlantic review potential misconduct.