- Capri Holdings Limited ( NYSE: CPRI ) has appointed Cedric Wilmotte to lead Michael Kors brand.
- He will officially take charge of his duties as CEO of Michael Kors from April 3, 2023.
- Wilmotte recently served as the interim Chief Executive Officer for Versace from January through September 2022 and is currently Versace’s Chief Operating Officer.
- So far this year, stock has gained about 11.5% .
- For more on CPRI growth, see why SA contributor Kolomeets Investment says " Capri has a healthy balance sheet and a solid cash flow that allows it to actively buy back ."
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Capri Holdings named Cedric Wilmotte as CEO of Michael Kors