Former Coach CEO to Lead Michael Kors

Capri Holdings, parent company of Michael Kors, has named Joshua Schulman, former Coach CEO and President, as CEO of Michael Kors effective September 2022, reports Reuters. He has also been appointed as the head of the brand, effective immediately, reporting to outgoing Capri CEO John Idol.

“Schulman has a strong track record of driving Coach’s turnaround, and we believe the MK brand and CPRI are poised to benefit from his leadership,” Cowen analyst Oliver Chen said.

Schulman is widely credited for leading the turnaround of the Coach brand, which he led from 2017 to 2020. Idol will transition to executive chairman of Capri next fall.