Capri Holdings Announces 3-Year Partnership With the National Fish and Wildlife Foundation to Accelerate the Adoption of Regenerative Agriculture Practices in the United States
08 6월 2023 - 10:00PM
Business Wire
First of its kind partnership seeks to
improve 150,000 acres of U.S. grasslands to drive a more
sustainable future for leather industry
Capri Holdings (NYSE:CPRI), a global fashion luxury group, today
announced a new 3-year partnership with the National Fish and
Wildlife Foundation (NFWF) to accelerate the adoption of voluntary
regenerative management and conservation practices in the United
States, a key leather-sourcing region within the company’s supply
chain. The initiative is expected to generate $3 million in
on-the-ground conservation impact through $1.5 million in funding
from Capri Holdings and matching contributions through NFWF. This
first-of-its-kind partnership between NFWF and the fashion industry
seeks to improve 150,000 acres of U.S. grasslands by working with
private landowners and local partners to drive a more sustainable
future for the leather industry, while helping to meet the
company’s corporate social responsibility (CSR) commitments.
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Through this partnership, Capri and NFWF will work to restore
the health of critical grazing lands in the Northern Great Plains,
Southern Great Plains and Rocky Mountain Rangelands. The goal of
the partnership is to advance regenerative agriculture practices by
improving the resiliency of ranching communities, while
sequestering greenhouse gas emissions and restoring critical
habitat for wildlife.
“Last year, we developed a comprehensive strategy to ensure that
we go further, faster in lowering the impact of the leather used to
craft our luxury accessories and footwear,” said John D. Idol,
Chairman and Chief Executive Officer of Capri Holdings. “Our
partnership with NFWF represents an extraordinary opportunity to
tackle climate change and improve grasslands through a
first-of-its-kind partnership between fashion and the nation’s
largest private conservation fund. We are proud to partner with
NFWF to accelerate regenerative agriculture practices, improve
biodiversity and drive positive environmental and social impacts in
the leather supply chain.”
About Capri Holdings
Capri Holdings is a global fashion luxury group consisting of
iconic, founder-led brands Versace, Jimmy Choo and Michael Kors.
Our commitment to glamorous style and craftsmanship is at the heart
of each of our luxury brands. We have built our reputation on
designing exceptional, innovative products that cover the full
spectrum of fashion luxury categories. Our strength lies in the
unique DNA and heritage of each of our brands, the diversity and
passion of our people and our dedication to the clients and
communities we serve. Capri Holdings is publicly listed on the New
York Stock Exchange under the ticker CPRI.
For more information on Capri’s CSR program, visit
CapriHoldings.com/CSR.
Forward Looking Statements
This press release contains forward-looking statements. You
should not place undue reliance on such statements because they are
subject to numerous uncertainties and factors relating to the
company’s operations and business environment, all of which are
difficult to predict and many of which are beyond the company’s
control. Forward-looking statements include information concerning
the company’s goals, future plans and strategies, including with
respect to CSR goals, initiatives and ambitions as well as the
company’s possible or assumed future results, including
descriptions of its CSR strategy. These statements often include
words such as “may,” “will,” “should,” “believe,” “expect,” “seek,”
“anticipate,” “intend,” “plan,” “estimate” or similar expressions.
The forward-looking statements contained in this press release are
based on assumptions that the company has made in light of
management’s experience in the industry as well as its perceptions
of historical trends, current conditions, expected future
developments and other factors that it believes are appropriate
under the circumstances. You should understand that these
statements are not guarantees of performance or results. They
involve known and unknown risks, uncertainties and assumptions.
Although the company believes that these forward-looking statements
are based on reasonable assumptions, you should be aware that many
factors could affect the company’s actual results and could cause
actual results to differ materially from those in these
forward-looking statements. These factors are more fully discussed
in the “Risk Factors” section and elsewhere in the company’s Annual
Report on Form 10-K for the fiscal year ended April 1, 2023 (File
No. 001-35368), filed on May 31, 2023 with the SEC. The company
disclaims any obligation to update or revise any forward-looking or
other statements contained herein other than in accordance with
legal and regulatory obligations.
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version on businesswire.com: https://www.businesswire.com/news/home/20230608005149/en/
Investor Relations: Jennifer Davis +1 (201) 514-8234
Jennifer.Davis@CapriHoldings.com
Media: Dinesh Kandiah +1 (917) 934-2427
Pess@CapriHoldings.com
Capri (NYSE:CPRI)
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