−Removed: 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.
+Added: The following table sets forth the location, use and size of our significant distribution and corporate facilities as of March 29, 2025, all of which are leased with the exception of our distribution center in the Netherlands, our central warehouse in Italy and luxury footwear factories in Italy, which are owned.
The leases expire at various times through Fiscal 2044, subject to renewal options.
−Removed: Location Use Approximate Square
+Added: Location Use Approximate
+Added: Square Footage
Whittier, CA Michael Kors United States Distribution Center 1,179,000
4 unchanged sentences
Milan, Italy Versace Corporate Offices 104,000
+Added: Arezzo, Italy Sicla Luxury Shoe Factory 95,000
Milan, Italy Versace Showroom 54,000
Novara, Italy Versace Manufacturing and Distribution Center 46,000
−Removed: Hong Kong, China Michael Kors, Versace and Jimmy Choo Hong Kong Office 45,000
Pistoia, Italy Capri Luxury Shoe Factory 41,000
7 unchanged sentences
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.
−Removed: 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.
+Added: 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 two luxury footwear factories in Italy, property and equipment related to our stores (e.g.
leasehold improvements, fixtures, etc.) and computer equipment, we did not own any material property as of March 29, 2025.
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.