Capri Denies Seek for Michael Kors Successor Underway

Capri Holdings chairman and chief govt officer John Idol on Wednesday firmly denied a WWD report {that a} seek for a successor to Michael Kors is being thought-about.

In an announcement, Idol mentioned, “Michael Kors is and can stay the chief inventive officer of his namesake firm. His imaginative and prescient is crucial to our success. Any data on the contrary is wrong.”

In a separate assertion to Capri workers, obtained by WWD, Idol added, “This morning WWD revealed an article that urged we’re looking for a successor for Michael Kors. This data will not be true and we have now issued the beneath press assertion to handle and proper any misconceptions the article might have created. Michael continues to guide the inventive imaginative and prescient of our firm with nice enthusiasm.”

The article was centered across the deliberate retirement of Dries Van Noten and the way manufacturers are starting to think about succession methods for designers in the long run fairly than instantly changing them or ready them to all of a sudden depart. Van Noten’s firm was acquired by Puig in 2018 and at the moment he had knowledgeable the Spanish group that he would keep for an additional 5 years. His final present for the model he based in Antwerp would be the males’s spring 2025 assortment, which will likely be proven in Paris in June. The ladies’s spring 2025 assortment will likely be designed by his studio staff.


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