In a bold move aimed at reviving its flagship brand, Capri Holdings has announced a significant leadership change at Michael Kors. Cedric Willmote, who has held the position of chief executive since January 2023, will step down, making way for John Idol, Capri Holdings’ CEO and chairman. This transition comes at a crucial time as […]
Tapestry and Capri Call Off Their Merger: A Strategic Business Decision
In a significant turn of events within the luxury retail sector, Tapestry, the parent company of renowned brands such as Coach and Kate Spade, has officially terminated its plans to acquire Capri Holdings, the owner of Michael Kors and Versace. This $8.5 billion merger was sought to position Tapestry as a formidable competitor against European […]