Versace, Michael Kors, and Jimmy Choo must implement a sustainable supply chain

There’s more than just Versace on the floor [pun intended] when it comes to supply chain traceability. There’s some Michael Kors and Jimmy Choo as well. Supply chain transparency ensures that brands will thrive. However, in the case with Capri Holdings, supply chain issues have been ongoing and it’s up to investors to step in
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Important Disclosure Tulipshare has co-invested alongside our users in support of this campaign. Tulipshare currently owns 617 Capri shares. Please see below to learn more about supporting our campaign.

Our Goal

Capri Holdings Ltd. operates as a global fashion luxury group that designs and distributes apparel via three brand segments - Versace, Jimmy Choo, and Michael Kors. Though its fashion is luxurious, Capri’s supply chain is lackluster considering it does not disclose the steps it has taken to address the risks of alleged Uyghur forced labor across its supply chain tiers, and it received a 0/100 on the traceability and supply chain transparency category on KnowTheChain’s 2021 Apparel & Footwear Scorecard. To mitigate these issues, Tulipshare and shareholders alike are calling for Capri's board to adopt best practice governance policies by having an independent board chair with supply chain sustainability experience.

Why It's Important

There is one area where Capri Holdings’ performance is significantly lacking. According to the 2021 Fashion Sustainability Index, two of the three companies under Capri Holdings, Michael Kors and Versace, have received a score of 1% on the traceability of their supply chains. This low rating comes from a lack of transparency on supplier lists from manufacturing to raw material level, as well as a low level of disclosure on those suppliers. We believe this lack of visibility regarding supply chains can allow exploitative, unsafe working conditions, and environmental damage to thrive within the company’s supply chain.

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How Tulipshare works
We identify opportunities for ethical change at public companies
These opportunities are identified through our own research analysts and the community we’ve built at Tulipshare. We then work with our legal team to verify and build our campaign.
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We leverage the collective shares of our investor community
Once we acquire enough shares, we start discussions with the company to promote ethical change. This isn’t always easy and the company may object to our requests. However we keep our investors informed of progress and all communications - so you’re aware of what’s happening every step of the way.
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