Michael Kors appoints new CEO

Michael Kors owner Capri Holdings has announced the appointment of Cedric Wilmotte as the CEO of Michael Kors effective 3 April 2023.

Wilmotte recently served as the interim CEO for Versace from January through September 2022 and is currently Versace’s COO.

Prior to his time at Versace, Wilmotte led the Michael Kors EMEA business from its inception in 2008 through 2021.

Before joining Michael Kors, Wilmotte held senior leadership positions at Marc Jacobs in Paris from 2004 to 2008 and at Donna Karan in New York, London and Milan from 1998 to 2004.

John D. Idol, chairman and CEO of Capri Holdings said: “I am thrilled to welcome Cedric back to the Michael Kors team as our new chief executive officer. Cedric is a strong leader with extensive retail and merchandising experience and has a deep understanding of the Michael Kors brand and consumer.”

“Cedric has proven himself to be a versatile leader within our group, having achieved great success at both Michael Kors and Versace. The board, Michael and I are confident that the Michael Kors brand will benefit tremendously from Cedric’s leadership, which will help to further accelerate our strategic initiatives. Cedric’s appointment ensures that we have three experienced and talented CEOs at each of our luxury fashion brands.”

Michael Kors, chief creative officer added: “Cedric shares in my vision for the brand and I am excited to welcome him back to Michael Kors. I look forward to working with him again as we continue to grow our company globally.”

Wilmotte said: “I am excited to lead the Michael Kors brand as chief executive officer. Having been a part of the Michael Kors family for almost 15 years, I have a special and personal connection to our brand, our employees and our customers. I look forward to partnering with Michael, the strong leadership team and all of our valued employees around the world to execute on our strategic vision and drive future growth.”