Capri holdings ltd - expects to significantly reduce capital expenditures in fiscal 2021

Capri holdings provides update in response to covid-19 outbreak.capri holdings ltd - furlough all of its approximately 7,000 north america retail store employees.capri holdings ltd - company expects to significantly reduce capital expenditures in fiscal 2021.capri holdings ltd - company is suspending remaining $400 million under its current share repurchase program.capri holdings ltd - anticipates that retail stores in north america and europe will be closed until approximately june 1, 2020.capri holdings ltd - for fiscal 2021, company's board of directors annual total cash compensation will be reduced by 50%.capri holdings ltd - expects to significantly reduce capital expenditures in fiscal 2021.capri holdings ltd - reducing its corporate workforce in order to generate additional payroll savings.capri holdings ltd - has fully drawn remaining $300 million of availability under its revolving credit facility.capri holdings ltd - exploring opportunities to reduce overall salaries at various levels throughout organization by approximately 20%.capri holdings ltd - john d. idol, ceo, michael kors, has voluntarily elected to forgo salary for fiscal 2021.
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