Josh Schulman has been named CEO of Michael Kors. Parent company Capri Holdings Ltd. announced the news today. Schulman’s role is effective immediately.
He will be responsible for all aspects of the Michael Kors brand, reporting directly to Capri chairman and CEO John Idol. Additionally, Schulman will succeed Idol as CEO of Capri Holdings in September 2022, when Idol transitions to executive chairman. Schulman will also be appointed to the Capri Holdings board of directors at that time. Other brands in the company’s portfolio include Versace and Jimmy Choo, which Schulman led as CEO from 2007 to 2012.
“I am honored and excited to assume the role of CEO of Capri Holdings next year,” Schulman said in a statement. “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. I believe in the strategic vision for Capri Holdings and I look forward to partnering with John and the board in leading Capri Holdings through its next phase of growth.”
Previously, Schulman was at Tapestry Inc. until 2020, serving as president and CEO of Coach, where he led an ambitious footwear initiative for the brand. Prior to joining Tapestry in 2017, he spent five years at the helm of Bergdorf Goodman. There, he made a big statement with the retailer’s shoe business by expanding the main floor, overhauling the contemporary offering and ramping up the hot men’s business.
“Josh is an outstanding leader with broad retail experience, industry depth and a proven track record of successfully operating and growing luxury brands,” Idol said in a statement, noting that this appointment is part of the company’s planned leadership succession.