Idol takes over from Cedric Wilmotte, who had been CEO of Michael Kors since April 2023 and will leave the company after 16 years. Idol will continue in his role as chairman and CEO of Capri ...

Fashion executive John Idol owned up to some big mistakes Wednesday: In trying to revive sales for Michael Kors and Versace ... Beginning in the fall of 2023, Capri tried to elevate the Versace ...

In August 2023, Capri agreed to be sold to Tapestry for $57 per share, but the deal collapsed due to FTC opposition. The Michael Kors brand was founded in 1981. In 2003, Kors sold 85% of his firm ...

The UK arm of luxury fashion brand Michael Kors has revealed plans to lower its prices after suffering a significant hit to its sales.

Michael Kors to close five UK stores due to macroeconomic conditions and reduced consumer spending. Turnover drops, but brand ...