While fashion has fixated on just how Versace’s sale to Prada Group is going to ripple through the brand, there’s also plenty of change happening over at Capri Holdings .

For starters, the New York group has lost one of its foundational pieces.

The company took on the name Capri in 2018 when it bought Versace for $2.1 billion , setting it up alongside Michael Kors , its biggest brand, and Jimmy Choo.

At the time, the company pointed to the island of Capri and its “spectacular three-rock formation” as “symbolic of the timeless heritage and strong foundation that is at the core of each of the three founder-led brands in our global fashion luxury group.”

That symbolism didn’t hold and Capri ended up selling Versace for roughly $1.4 billion — a loss of $600 million, although the co

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