−Removed: The following table sets forth the location, use and size of our significant distribution and corporate facilities as of April 1, 2023, all of which are leased with the exception of our distribution center in the Netherlands, our central warehouse in Italy and luxury shoe factory in Italy, which are owned.
+Added: The following table sets forth the location, use and size of our significant distribution and corporate facilities as of March 30, 2024, all of which are leased with the exception of our distribution center in the Netherlands, our central warehouse in Italy and luxury shoe factory in Italy, which are owned.
The leases expire at various times through Fiscal 2044, subject to renewal options.
8 unchanged sentences
Novara, Italy Versace Manufacturing and Distribution Center 46,000
+Added: Hong Kong, China Michael Kors, Versace and Jimmy Choo Hong Kong Office 45,000
Pistoia, Italy Capri Luxury Shoe Factory 41,000
5 unchanged sentences
Manno, Switzerland Michael Kors European Corporate Offices 18,000
−Removed: As of April 1, 2023, we also occupied 1,272 leased retail stores worldwide (including concessions).
+Added: As of March 30, 2024, we also occupied 1,239 leased retail stores worldwide (including concessions).
We consider our properties to be in good condition and believe that our facilities are adequate for our operations and provide sufficient capacity to meet our anticipated requirements.
Other than the land and building for our Michael Kors and Jimmy Choo European distribution center in the Netherlands, our Versace central warehouse in Italy and our Capri luxury shoe factory in Italy, property and equipment related to our stores (e.g.
−Removed: leasehold improvements, fixtures, etc.) and computer equipment, we did not own any material property as of April 1, 2023.
+Added: leasehold improvements, fixtures, etc.) and computer equipment, we did not own any material property as of March 30, 2024.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.