Michael Kors news and archive

Former Coach boss named new CEO of Capri Holdings, Michael Kors

Capri Holdings has announced that Joshua Schulman is the new CEO of Michael Kors, effective immediately, and will take on the role of group CEO from September 2022. Schulman joins the luxury fashion group from Tapestry, where he was president and CEO of the Coach brand from 2017 to 2020. Prior to that, he spent five years at Neiman Marcus Group,...

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Capri Holdings narrows losses, upbeat on recovery

Michael Kors parent company Capri Holdings managed to narrow its losses in the fourth quarter of the year despite revenue remaining flat, as revenue for all three of its luxury houses beat expectations. The luxury fashion group, which also owns brands Jimmy Choo and Versace, reported a net loss of 183 million dollars for the three months ended...

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Michael Kors to present live catwalk show during NYFW

Designer Michael Kors has announced that he will present his spring/summer 2022 collection with a live, in-person catwalk show during New York Fashion Week in September. Kors said in a statement that he wanted to “support” this September’s NYFW and will present his Michael Kors Collection on September 10 at 10am. A location for the show has not...

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Video: Michael Kors 2021 summer collection

In this video, American fashion brand Michael Kors has released its 2021 summer collection campaign featuring model Bella Hadid. Watch the video below. Video: Michael Kors via YouTube

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Michael Kors names president of EMEA

Capri Holdings Limited has named Robin Gendron as president of Michael Kors EMEA, effective June 1. Gendron, who has been with Michael Kors for more than 15 years, started in the company’s Montreal office, then moving to the US as the vice president of footwear sales. He subsequently moved to London to lead wholesale and merchandising for the...

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Michael Kors celebrates 40th anniversary with homage to Broadway

Designer Michael Kors, a fan of the theatre, turned the lights on Broadway to celebrate his 40th anniversary with an autumn/winter 2021 show. Staged in the heart of Midtown under the lights of the Shubert Theater with a musical soundtrack performance by singer-songwriter and composer Rufus Wainwright, models including Naomi Campbell and Helena...

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Michael Kors parent Capri Holdings names new chief information officer

Michael Kors parent Capri Holdings has named Alejandro Martinez-Galindo as the group’s new chief information officer (CIO), effective March 8. Martinez-Galindo has held executive roles across various industries including retail, automotive and pharmaceutical. Most recently, he was CIO at Walgreens, where he spearheaded a comprehensive...

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Michael Kors parent Capri Holdings beats Q3 earnings estimates

Michael Kors parent company Capri Holdings beat Q3 earnings estimates on Wednesday and marked its second consecutive profit-making quarter. The luxury fashion group, which also owns brands Jimmy Choo and Versace, reported net income of 179 million dollars, a 14.8 percent drop compared to Q3 2019. For the three months ended 26 December, total...

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Video: Michael Kors’ spring/summer 2020 fashion show

In this video, Michael Kors presents his spring/summer 2020 collection at New York Fashion Week by Karl Anderson Jr. Watch the full fashion show below. Source: FF Channel via YouTube Photo credit: Michael Kors, Facebook

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American fashion designers get political, urging people to vote

With just 33 days to go until the next presidential election, American designers and brands are getting political, urging their customers to vote. While many brands may skew to the democratic end of the political spectrum, few openly pledge allegiance to either side, in a bid to not alienate followers and customers. Yet more so than at any other...

Business

Turnover declines by 66.5 percent at Capri Holdings, posts net loss of 180 million dollars

Capri Holdings Limited’s total revenue of 451 million dollars decreased 66.5 percent for the first quarter, while on a constant currency basis, total revenue decreased 66.2 percent. Gross profit was 302 million dollars and gross margin was 67 percent compared to 834 million dollars and 62 percent in the prior year. Adjusted gross profit was 303...

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Capri Holdings Q4 revenues decrease by 11.3 percent

Capri Holdings Limited has said that its fourth quarter revenue declined 11.3 percent to 1,192 million dollars, while full year revenues increased by 6 percent to 5,551 million dollars. The company’s fourth quarter net loss was 551 million dollars or 3.69 dollars per diluted share compared to net income of 19 million dollars or 13 cents per...