Capri have closed their stores in the United States and across Europe amid the global lockdown to curb the spread of the virus that has killed about 68,000 people globally.
Capri, which had a total of about 17,800 employees at the end of fiscal 2019, said furloughed employees were eligible for unemployment insurance and other government relief programs. It added it would need a smaller workforce once the pandemic ends.
“Given our size and scale, we believe that Capri is well-positioned to continue to operate its business despite this unprecedented situation,” – John Idol, Chief Executive Officer
