Capri Holdings beats estimates in the third quarter of 2019 but is preparing to suffer the impacts of the Coronavirus. The parent company of Michael Kors, Jimmy Choo and Versace has in fact closed the third quarter of the year recording revenues of 1.57 billion dollars (about 1.4 billion euros), an increase of 9.2%, against the + 6.9% expected by analysts, as reported by Reuters. As regards the outlook for the entire fiscal year 2020, Capri Holdings is preparing to suffer the impacts of Coronavirus outside and inside China. The group has announced that, currently, about 150 of the group’s 225 Chinese stores are closed, while most of those that remain active are remaining open at reduced hours and are experiencing a significant drop in consumer traffic. Therefore, considering the situation in China and the impact on world tourism, the group expects a drop in revenues of approximately $ 100 million.