John Idol to continue as chairman & CEO of US firm Capri Holdings

10 Mar '22

1 min read

Pic: Business Wire

US-based Capri Holdings Limited, a global fashion luxury group, has announced that John D. Idol will remain as chairman and chief executive officer of the company. Joshua Schulman, chief executive officer of Michael Kors, will leave the company. Capri Holdings offers full spectrum of fashion luxury categories including ready-to-wear, women’s and men’s accessories, and footwear.

“At Capri Holdings, we are executing against our clear strategic vision for growing our three powerful fashion luxury brands and seeing strong results. We remain well-positioned to achieve meaningful long-term revenue and earnings growth as well as deliver increased value for our shareholders. I am fully committed to continuing to lead Capri Holdings and driving our future success,” John D. Idol, chairman and chief executive officer of Capri Holdings, said.

“Michael Kors has a talented management team in place that will continue to execute on its strategic initiatives. The strategies that we put in place prior to the pandemic have been generating strong consumer demand and driving higher profitability as we continue to elevate 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 contributions to our organisation,” Idol continued.

Fibre2Fashion News Desk (SF)

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