In the full year, Versace revenue declined 6.9% to US$1.03 billion, with a decline of 17% in the Americas to US$338 million, 5% in EMEA to US$444 million and growth of 7.8% in Asia to US$248 million.

Full year revenue was down 2.4% for Jimmy Choo to US$618 million. The brand had a drop of 10.2% in the Americas to US$176 million, a 4.3% increase in EMEA to US$266 million and a decline in Asia of 3.3% to US$176 million.

Yearly revenue dropped by 9.2% for Michael Kors to US$3.52 billion. The brand’s revenue in the Americas fell 12% to US$2.3 billion, 3.4% in EMEA to US$791 million and 2.7% in Asia to US$433 million.

Fourth quarter revenue fell 3.6% for Versace to US$264 million. Its Americas revenue was down 2.7% to US$87 million, EMEA declined 11% to US$105 million and Asia grew by 5.9% to US$72 million.

In the fourth quarter alone, Jimmy Choo declined 9.3% to US$137 million. Revenue in the Americas declined by 8.9% to US$41 million, EMEA was down 6.5% to US$58 million and Asia fell 13.6% to US$38 million.

Meanwhile, revenue was down 9.7% for Michael Kors to US$822 million. The Americas dropped by 9.1% to US$519 million, EMEA by 6.9% to US$189 million and Asia by 16.2% to US$114 million.

Gross profit for the year was down 10.3% to US$3.3 billion, while the quarter had a year-on-year drop of 11.5% to US$767 million. Capri Holdings reported a net loss of US$229 million for the year, down from profit of US$619 million in the previous fiscal year, while quarterly net loss was down from US$33 million to US$472 million.

Chairman and CEO John D. Idol said: “Overall, we were disappointed with our results as performance in the fourth quarter continued to be impacted by softening demand globally for fashion luxury goods. In our retail channel, sales trends improved sequentially in the Americas and EMEA while trends slowed in Asia. In our wholesale channel, sales remained challenged.”

Capri Holdings was due to be acquired by Tapestry before the FTC in the U.S. announced in April that it would seek to block the transaction.

Idol added: “We strongly disagree with the FTC’s decision and firmly believe in the merits of this acquisition. The market realities, which the government’s challenge ignores, overwhelmingly demonstrate that this transaction will not limit, reduce, or constrain competition.”