Michael Kors owner taps luxury veteran to lead business

Former Coach president and CEO Joshua Schulman has been named CEO of Michael Kors effective immediately and future head of Capri Holdings, the parent company of Michael Kors, Versace and Jimmy Choo.

“I am thrilled to have Josh join Capri Holdings as CEO of the Michael Kors brand,” said outgoing Capri Holdings’ chairman and CEO John Idol.

“Josh is an outstanding leader with broad retail experience, industry depth and a proven track record of successfully operating and growing luxury brands.” 

Schulman led Coach from 2017 to 2020 and is credited with turning around the American heritage brand, which is owned by Tapestry Inc. He also led Jimmy Choo between 2007 to 2012, and has held senior positions at Yves Saint Laurent, Gucci and other luxury brands.

“I am delighted to join Capri as CEO of Michael Kors,” Schulman said. “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.”

Schulman will initially report to Idol. In September 2020, Idol will step down as CEO of Capri Holdings and transition to executive chairman. Schulman will become CEO of the company and join its board of directors.

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