Capri has appointed its new CEO for the brand Michael Kors.
Mr. Joshua Schulman will succeed Mr. John D. Idol from September 2022, as the Luxury Brand Capri Holdings Limited. He has announced the appointment as Chief Executive Officer of the Michael Kors brand, succeeding John D. Idol in September 2022 when Mr. Idol will become Executive Chairman. Mr. Schulman will be reporting directly to John D. Idol, Chairman and Chief Executive Officer of Cap, and will be responsible for all aspects of the Michael Kors brand globally.
With years of experience and expertise in leading the global luxury fashion brands under his belt, Mr. Schulman looks forward to leading Michaek Kors to new heights. He has led brands like Yves Saint Laurent and Gucci.RI Holdings and brought a successful transformation into them. Before joining Capri Holdings, he was the President and CEO of the Coach brand Tapestry Inc. Before his tenure at Coach, Mr. Schulman 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 also the Chief Executive Officer of Jimmy Choo.
Mr. Idol’s Words
Mr. Idol feels delighted and expects to see this new leadership adding to the prosperity of this brand. He says, “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. Josh’s appointment is part of a thoughtfully planned leadership succession. Over the next year, Josh will immerse himself in the Michael Kors brand. In September 2022, Josh will become the CEO of Capri Holdings. 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 maximizing the full potential of our three luxury fashion houses”.
Happiness and zeal of the new beginning are seen in both of them, while asked about this new opportunity Mr. Joshua Schulman says, “I am delighted to join Capri as CEO of Michael Kors. 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.”
In September 2022, Mr. Schulman will succeed Mr. Idol as Chief Executive Officer of Capri Holdings and will be appointed to the Capri Holdings’ Board of Directors. Both of the charismatic leaders will work closely and continue to provide overall leadership to the Board of Directors. When the vision of the leaders and all the employees match the vision of the organization, miracles happen. And miracles are on Capri’s way because Mr. Idol mentioned, “We believe our plan will allow for a smooth CEO transition next Fall. I look forward to partnering with Josh on the overall strategic direction for the group as well as on potential strategic acquisitions.”
