OUR WORK – Capri Holdings
Finding the perfect fit for a global fashion house
Services: Brand integrity, Key data extraction
Industries: Finance and real estate, Legal and professional services, Retail, beauty and fashion
With many hundreds of stores and boutiques in various countries and a multibillion-dollar worldwide revenue, Capri Holdings (a group which encompasses luxury fashion brands Michael Kors, Versace, and Jimmy Choo) were conducting internal auditing and regulatory compliance activities.
They required information held inside leases, totalling thousands of pages, from European, Chinese and Japanese retail outlets for the purpose of reporting in the company’s native language.
Advanced lease abstraction
Guildhawk was commissioned by the group to provide our key data extraction service. This process is perfect when handling large volumes of information, such as leases, contracts, HR documents and websites, where specific information is required for independent verification, with no need for full translation.
“The team at Guildhawk is an asset to the Capri Holdings leasing team. They understand the sensitivity of our leases and the deadlines we ask them to adhere to.”Sophia Lunan, Global Leasing Manager at Michael Kors
The relevant sector experience of our specialist language professionals allowed us to review leases in their original language, identify key information and abstract into English.
Our innovative processes achieved exceptional value for the client. Whilst translating the entirety of their leases would have been a costly and time-intensive project, performing lease abstraction allowed cost savings of 75% due to more intelligent use of resources. Furthermore, individual projects were completed in just days, rather than the weeks that would have been required for full translation.
Sophia Lunan, Global Leasing Manager at Michael Kors, says of Guildhawk’s lease abstraction process:
“Expanding globally, Capri Holdings saw the need for a language company to handle over 1,000 non-English leases. Guildhawk was selected to handle our global portfolio.
“The team at Guildhawk is an asset to the Capri Holdings leasing team. They understand the sensitivity of our leases and the deadlines we ask them to adhere to. The work ethic of the company shows in their end results. We look forward to our continued working relationship with Guildhawk.”
You can download our factsheet here.