John D. Idol to Remain Chairman and CEO of Capri Holdings
07 Março 2022 - 10:00AM
Business Wire
Michael Kors CEO to Leave the
Company
Company Remains Focused on Executing Growth
Initiatives
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury
group, today announced that John D. Idol will remain as Chairman
and Chief Executive Officer of Capri Holdings. In addition, Joshua
Schulman, Chief Executive Officer of Michael Kors, will leave the
company.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220307005313/en/
(Photo: Business Wire)
John D. Idol, Chairman and Chief Executive Officer of Capri
Holdings said, “At Capri Holdings, we are executing against our
clear strategic vision for growing our three powerful fashion
luxury brands and seeing strong results. We remain well-positioned
to achieve meaningful long-term revenue and earnings growth as well
as deliver increased value for our shareholders. I am fully
committed to continuing to lead Capri Holdings and driving our
future success.”
Mr. Idol continued, “Michael Kors has a talented management team
in place that will continue to execute on its strategic
initiatives. 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 organization.”
About Capri Holdings Limited
Capri Holdings Limited is a global fashion luxury group,
consisting of iconic brands that are industry leaders in design,
style and craftsmanship. Its brands cover the full spectrum of
fashion luxury categories including women’s and men’s accessories,
footwear and ready-to-wear as well as wearable technology, watches,
jewelry, eyewear and a full line of fragrance products. The
Company’s goal is to continue to extend the global reach of its
brands while ensuring that they maintain their independence and
exclusive DNA. Capri Holdings Limited is publicly listed on the New
York Stock Exchange under the ticker CPRI.
Forward-Looking Statements
This press release contains statements which are, or may be
deemed to be, “forward-looking statements.” Forward-looking
statements are prospective in nature and are not based on
historical facts, but rather on current expectations and
projections of the management of Capri Holdings Limited (the
“Company”) about future events, and are therefore subject to risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. All statements other than statements of
historical facts included herein, may be forward-looking
statements. Without limitation, any statements preceded or followed
by or that include the words “plans”, “believes”, “expects”,
“intends”, “will”, “should”, “could”, “would”, “may”,
“anticipates”, “might” or similar words or phrases, are
forward-looking statements. These forward-looking statements are
not guarantees of future financial performance. Such
forward-looking statements involve known and unknown risks and
uncertainties that could significantly affect expected results and
are based on certain key assumptions, which could cause actual
results to differ materially from those projected or implied in any
forward-looking statements. These risks, uncertainties and other
factors include the effect of the COVID-19 pandemic and its
potential material and significant impact on the Company’s future
financial and operational results if retail stores are forced to
close again and the pandemic is prolonged, including that our
estimates could materially differ if the severity of the COVID-19
situation worsens, or if there are further supply chain
disruptions, including additional production delays and increased
costs, the length and severity of such outbreak across the globe
and the pace of recovery following the COVID-19 pandemic; levels of
cash flow and future availability of credit; compliance with
restrictive covenants under the Company’s credit agreement; the
Company’s ability to integrate successfully and to achieve
anticipated benefits of any acquisition and to successfully execute
our growth strategies; the risk of disruptions to the Company’s
businesses; risks associated with operating in international
markets and our global sourcing activities; the risk of
cybersecurity threats and privacy or data security breaches; the
negative effects of events on the market price of the Company’s
ordinary shares and its operating results; significant transaction
costs; unknown liabilities; the risk of litigation and/or
regulatory actions related to the Company’s businesses;
fluctuations in demand for the Company’s products; levels of
indebtedness (including the indebtedness incurred in connection
with acquisitions); the timing and scope of future share buybacks,
which may be made in open market or privately negotiated
transactions, and are subject to market conditions, applicable
legal requirements, trading restrictions under the Company’s
insider trading policy and other relevant factors, and such share
repurchases may be suspended or discontinued at any time; the level
of other investing activities and uses of cash; changes in consumer
traffic and retail trends; loss of market share and industry
competition; fluctuations in the capital markets; fluctuations in
interest and exchange rates; the occurrence of unforeseen epidemics
and pandemics, disasters or catastrophes; political or economic
instability in principal markets; adverse outcomes in litigation;
and general, local and global economic, political, business and
market conditions, as well as those risks set forth in the
Company’s filings with the U.S. Securities and Exchange Commission,
including the Company’s Annual Report on Form 10-K for the fiscal
year ended March 27, 2021 (File No. 001-35368). Any forward-looking
statement in this press release speaks only as of the date made and
the Company disclaims any obligation to update or revise any
forward-looking or other statements contained herein other than in
accordance with legal and regulatory obligations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220307005313/en/
Investor Relations: Jennifer Davis +1 (201) 514-8234
Jennifer.Davis@CapriHoldings.com Media: Dinesh Kandiah +1 (917)
934-2427 Press@CapriHoldings.com
Capri (NYSE:CPRI)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Capri (NYSE:CPRI)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024