CEO of Michael Kors is leaving company
Capri Holdings Ltd.
announced Monday that Joshua Schulman, chief executive of Michael Kors, is leaving the company. Capri, which is also the parent company to Versace and Jimmy Choo, gave no further information about the leadership change. John Idol, chief executive of Capri, will remain with the company and on the board. Capri stock slipped 1% in Monday premarket trading and the stock has run up 14.3% over the past year. The S&P 500 index SPX, -0.79% has gained 12.7% for the period.
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