Capri Holdings Limited, an American fashion luxury group, has appointed Joshua Schulman as the chief executive officer of the Michael Kors brand, and he will also succeed John D Idol as chief executive officer of Capri Holdings in September 2022 when Idol will become executive chairman. Schulman will be responsible for all aspects of the Michael Kors brand globally.
Schulman will also be appointed to the Capri Holdings’ board of directors in 2022. Initially, he will report directly to Idol, the current chairman and chief executive officer of Capri Holdings.
Schulman joins Capri Holdings from Tapestry, where he was previously president and CEO of the Coach brand. Prior to his tenure at Coach, he was with Neiman Marcus Group serving as president of Bergdorf Goodman from 2012 to 2017, and assuming additional responsibility for NMG International with the acquisition of MyTheresa.com in 2014. From 2007 to 2012, he was CEO of Jimmy Choo. He has also held senior positions in global fashion and luxury brands including Yves Saint Laurent and Gucci.
“I am thrilled to have Josh join Capri Holdings as CEO of the Michael Kors brand. Josh is an outstanding leader with broad retail experience, industry depth and a proven track record of successfully operating and growing luxury brands,” Idol said in a statement.
“I am delighted to join Capri as CEO of Michael Kors,” commented Joshua Schulman. “I have long admired Michael’s design vision and how the brand creates timeless fashion and embodies jet set glamour. I look forward to working closely with him and the talented Michael Kors management team to build upon the long-standing success of the brand.”
“The Board and I are confident in Josh’s unique abilities to lead Capri Holdings. His results driven leadership style and passion for building consumer-centric global brands will be instrumental in maximising the full potential of our three luxury fashion houses,” Idol added.
Upon Mr. Schulman’s appointment as CEO of Capri Holdings, Idol will assume the role of executive chairman. He will work closely with Schulman to transition the role of CEO and continue to provide overall leadership to the board of directors.
Fibre2Fashion News Desk (KD)
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