Michael Kors Holdings is projecting a 10 percent increase to between $570 and $580 million this year in the revenues of Jimmy Choo, which it bought in 2017, helping the group to reach total sales of $5.1 billion. However, the brand will deliver lower operating margins than before because of investments in new stores, marketing and the expansion of its line of accessories in order to achieve the previously set target of $1 billion in the annual turnover. In its past financial year, ended on March 31, the group raised its total revenues by 5 percent to $4.72 billion, including incremental sales of $222 million from Jimmy Choo's takeover, and its net earnings increased to $591.9 million from $552.5 million in the previous year. In the fourth quarter alone, the group's sales were up by 10.8 percent to $1.18 billion, including $107.9 million for Jimmy Choo, generating a net profit of $44.1 million against a loss of $26.8 million. On a comparable basis, sales were up by 2.3 percent.