“At Capri Holdings, we are following our clear strategic vision to develop three strong high-fashion brands and achieve great results. We are well positioned to achieve meaningful long-term earnings and revenue growth and to deliver added 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 Holdingsspeak.
“Michael Kors has a talented management team that will continue to execute on its strategic initiatives. The strategies we put in place before the pandemic have been generating strong consumer demand and driving higher margins as we continue to strengthen our brand position. 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 organization,” Idol continue.
US-based Capri Holdings Limited, a global high-fashion conglomerate, has announced that John D. Idol will remain as the company’s chairman and chief executive officer. Joshua Schulman, chief executive officer of Michael Kors, is leaving the company. Capri Holdings offers a full range of haute couture categories including ready-to-wear and footwear.
Fiber2 fashion news desk (SF)