The new managing director comes from Tapestry, where he held the role of CEO of the Coach brand from 2017 to 2020. Previously, he was president of Bergdorf Goodman, CEO of Jimmy Choo and experience roles in Saint Laurent and Gucci.

“Schulman’s leadership approach – explains Idol – and his passion for building consumer-centric global brands will be perfect in order to maximize the full potential of our three luxury fashion houses and in targeting strategic acquisitions”.

Capri Holdings group closed the first quarter of 2021 at + 178% on 2020. Michael Kors is up by even 184% on an annual basis.