Former Coach President and CEO Joshua Schulman has been appointed CEO of the Michael Kors brand and will succeed John Idol as CEO of parent company Capri Holdings in September 2022. In addition to the Michael Kors brand, Capri also is home to the Versace and Jimmy Choo labels.
“Josh’s appointment is part of a thoughtfully planned leadership succession,” said Idol, who will become Executive Chairman when Schulman takes over next year. “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 said in a statement.
Schulman joins Capri Holdings from Tapestry — parent company of the Coach, Kate Spade and Stuart Weitzman brands — where he was President and CEO of the Coach brand, stepping down from that role in March 2020. Prior to his tenure at Coach, Schulman was President of Bergdorf Goodman at Neiman Marcus Group from 2012 to 2017, where he also assumed responsibility for NMG International with the acquisition of MyTheresa.com in 2014. Over the course of career, Schulman also has held various roles at Jimmy Choo, Yves Saint Laurent and Gucci.
“I have long admired Michael’s design vision and how the brand creates timeless fashion and embodies jet set glamour,” said Schulman in a statement. “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.
“Capri Holdings has uniquely positioned itself as a leading global fashion luxury group,” he added. “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.”