“At Capri Holdings, we are executing on our clear strategic vision to grow our three powerful luxury fashion brands and deliver strong results. We remain well positioned to deliver significant long-term revenue and earnings growth, as well as deliver a increased value to our shareholders. I am fully committed to continuing to lead Capri Holdings and drive our future success.” John D. Idol, Chairman and CEO of Capri Holdingsnoted.
“Michael Kors has a talented management team in place that will continue to execute on its strategic initiatives. The strategies we put in place prior to the pandemic have generated strong consumer demand and driven higher profitability as we continue to improve the brand positioning. The Board and I remain extremely optimistic about the future growth of Michael Kors and Capri Holdings. We are grateful to Schulman for his contribution to our organization,” Idol continued.
US-based Capri Holdings Limited, a global luxury fashion group, has announced that John D. Idol will remain as the company’s chairman and chief executive. Joshua Schulman, chief executive of Michael Kors, will leave the company. Capri Holdings offers a full range of luxury fashion categories, including ready-to-wear and footwear.
Fibre2Fashion (SF) News Desk