A veteran of luxury retail is on his way to taking the helm of a global fashion luxury group.
Capri Holdings Limited announced that Joshua Schulman has been appointed CEO of the Michael Kors brand, effective August 24. He will succeed John D. Idol as CEO of Capri Holdings in September 2022, at which time Idol will become executive chairman.
Schulman joins Capri from Tapestry, where he was previously president and CEO of the Coach brand. Prior to his tenure at Coach, Schulman was with Neiman Marcus Group serving as president of Bergdorf Goodman from 2012 to 2017.
From 2007 to 2012, Schulman was CEO of Jimmy Choo. Previously, he held senior positions in global fashion and luxury brands including Yves Saint Laurent and Gucci.
“I am thrilled to have Josh join Capri Holdings as CEO of the Michael Kors brand,” said Idol. “Josh is an outstanding leader with broad retail experience, industry depth and a proven track record of successfully operating and growing luxury brands.”
Idol added that Schulman’s appointment is part of a planned leadership succession.
“Over the course of the next year, Josh will immerse himself in the Michael Kors brand,” he said. “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.”
Idol continued, “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.”
“I am honored and excited to assume the role of CEO of Capri Holdings next year,” said Schulman. “Capri Holdings has uniquely positioned itself as a leading global fashion luxury group. I have tremendous respect for what the teams have accomplished across the three founder-led brands.
Capri Holdings Limited, whose brands include Kors, Versace and Jimmy Choo, had revenues of $4.1 billion for the year ended March 27.