Capri Holdings Ltd CPRI's Michael Kors segment is opening its digital flagship store on Alibaba Group Holding Ltd BABA's luxury platform Tmall Luxury Pavilion.
The online store is the first third-party partnership for Michael Kors in China and will provide customers in China with access to exclusive products, according to the retailer.
Alibaba Group’s Tmall Luxury Pavilion is a dedicated platform for luxury and premium brands.
Capri and Alibaba shares were both trading down by 0.7% at the time of publication Thursday.
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