Capri Holdings Appoints Estée Lauder Executive Justin Boxford as CEO
Capri Holdings has announced that Justin Boxford will succeed longtime CEO John Idol, effective January 4. Boxford joins the company following a nearly 23-year tenure at Estée Lauder, where he most recently served as global president of luxury beauty brands. The leadership transition occurs as Capri attempts to revitalize demand for its Michael Kors brand through store renovations and product investments amid cautious consumer spending. While the company recently raised annual revenue and profit forecasts due to expected sales growth in Jimmy Choo, the change follows a period marked by the failed $8.5 billion merger attempt with Tapestry.
Topics: CEO Appointment Luxury Goods Management Succession
Part of the story Capri appoints ex-luxury beauty executive Justin Boxford as CEO (3 articles)