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Michael Kors CEO to leave the company

34325 michael kors ceo to leave the company

Capri Holdings Ltd. CPRI, -15.36% announced Monday that Joshua Schulman, chief executive of Michael Kors, is leaving the company. Schulman had been announced as the next chief executive of Capri, which is also the parent company to Versace and Jimmy Choo, effective September 2022. Capri gave no further information about the leadership change. John Idol, chief executive of Capri, will remain with the company and on the board. Capri stock slumped 13% in Monday trading and the stock has edged down 0.3% over the past year. The S&P 500 index SPX, -2.95% has gained 10.3% for the period.

Source: Marketwatch

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