// Michael Kors CEO Joshua Schulman to step down from role after just 6 months
// Capri Holdings did not give a reason for Schulman’s exit
Michael Kors parent company Capri Holdings has revealed that Joshua Schulman is set to depart as chief executive of the fashion brand.
Schulman took up the role six months ago and was also expected to succeed John Idol as chief executive of Capri Holdings next September when Idol would become executive chairman.
Schulman previously worked with Tapestry where he was president and chief executive of the Coach brand.
READ MORE: Michael Kors to debut childrenswear in partnership with CWF
Capri Holdings did not give a reason for Schulman’s exit, but said Idol will remain as chairman and chief executive of the group.
“Michael Kors has a talented management team in place that will continue to execute on its strategic initiatives,” Idol said.
“The strategies that we put in place prior to the pandemic have been generating strong consumer demand and driving higher profitability as we continue to elevate brand positioning.
“The board and I remain extremely optimistic about the future growth of Michael Kors and Capri Holdings. We are grateful to Josh for his contributions to our organisation.”
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