Capri Holdings CEO John Idol on Michael Kors' Post-Versace Future and Growth Opportunities

Capri Holdings CEO John Idol discussed the company's future after selling Versace for $1.4 billion, a $600 million loss. Idol plans to focus on growing Michael Kors and Jimmy Choo, with the latter expected to reach $800 million in sales in the next few years. Idol expressed confidence in Michael Kors, which he helped turn into a giant, and believes the brand can add another $200 million in sales. The company will have minimal debt following the sale.