A Michael Kors store in Rehoboth Beach, Delaware, October 2023 file. Harrison Keely / Wikimedia Commons (CC BY 4.0, cropped).
Capri Holdings, the owner of Michael Kors and Jimmy Choo, has named Justin Boxford its next chief executive officer, the global fashion luxury group announced Wednesday.
Boxford, a senior executive at The Estée Lauder Companies, will start as CEO and join Capri’s board on January 4, 2027. Until then, John D. Idol remains chairman and CEO; after 23 years at the helm he will retire from those roles and serve as a senior advisor through March 31, 2027, to support the transition. Robin Freestone, Capri’s current lead director, will become independent chairman of the board.
Boxford brings nearly 30 years of luxury and beauty industry experience. He most recently served as Estée Lauder’s global president of luxury beauty brands, and previously led the Estée Lauder brand as global brand president and ran La Mer, where the company said he more than doubled the skincare brand’s size. He joined Estée Lauder in 2004 and earlier held positions at LVMH, Unilever and L’Oréal.
“Michael Kors and Jimmy Choo are iconic luxury houses, with distinct identities and tremendous potential,” Boxford said. “I look forward to working with Capri’s teams around the world to build on the brands’ strong foundations, deepen connections with consumers and drive sustainable growth and value for our shareholders.”
Idol shaped Capri over more than two decades, expanding Michael Kors into a multi-billion-dollar global brand and overseeing the acquisition and growth of Jimmy Choo. “With the progress we have made in advancing our strategic initiatives and with the Company on the path to return to growth in the fourth quarter, this is the perfect time for Capri to transition to its next Chief Executive Officer,” he said, adding that he had worked with Boxford when Boxford helped build the Michael Kors fragrance business at Estée Lauder.
Freestone said the appointment was the culmination of a board-led process and thanked Idol for his contributions. London-based Capri Holdings, whose portfolio consists of the Michael Kors and Jimmy Choo brands, trades on the New York Stock Exchange under the ticker CPRI.
JBizNews Desk | New York
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