LONDON--(BUSINESS WIRE)--
Michael Kors (NYSE:KORS), a global luxury lifestyle brand, is pleased to
announce that Daisuke Yamazaki has been named President of Japan,
following the retirement of Toshi Tashiro. Mr. Yamazaki will report to
Stephane Lafay, the Company’s President of Asia. Mr. Yamazaki’s
appointment is effective August 10, 2015, and Mr. Tashiro will stay on
through the end of 2015 in order to ensure a smooth transition of
responsibilities.
Mr. Yamazaki most recently served as CEO of Roberto Cavalli Japan.
Previously, he was the CEO of the Alexander McQueen Division, at Gucci
Japan Limited. Prior to that he spent 15 years at Giorgio Armani Japan,
where he held a variety of positions, including heading sales and
merchandising for both the women’s and men’s lines.
John D. Idol, Chairman and Chief Executive Officer of Michael Kors,
said, “Daisuke’s background and expertise make him an ideal match for
Michael Kors. He will be working closely with Stephane Lafay to take our
business in Japan to the next level of success. With deep knowledge of
the Japanese fashion market and expertise in managing international
fashion brands he will be a tremendous resource as we build upon the
success we have achieved in growing the Michael Kors brand in this
region.”
“I am thrilled to join Michael Kors at this exciting moment in the
brand’s development,” said Mr. Yamazaki. “There are great opportunities
for the Michael Kors brand in Japan and I look forward to building upon
the success achieved by Mr. Tashiro and his team to achieve the next
stage of growth.”
Mr. Idol continued, “Toshi has achieved enormous success in building the
Michael Kors brand in Japan over the past five years and we are
extremely grateful for his significant contributions. We also appreciate
the opportunity to ensure a seamless and constructive transition before
Toshi moves on to a well-deserved retirement.”
About Michael Kors
Michael Kors is a world-renowned, award-winning designer of luxury
accessories and ready-to-wear. His namesake company, established in
1981, currently produces a range of products through his Michael Kors
and MICHAEL Michael Kors labels, including accessories, footwear,
watches, jewelry, men’s and women’s ready-to-wear and a full line of
fragrance products. Michael Kors stores are operated, either directly or
through licensing partners, in some of the most prestigious cities in
the world, including New York, Beverly Hills, Chicago, London, Milan,
Paris, Munich, Istanbul, Dubai, Seoul, Tokyo and Hong Kong.
Forward-Looking Statements
This press release contains forward-looking statements. You should not
place undue reliance on such statements because they are subject to
numerous uncertainties and factors relating to the operations and
business environment of the Company, all of which are difficult to
predict and many of which are beyond the Company’s control.
Forward-looking statements include information concerning the Company’s
possible or assumed future results of operations, including descriptions
of its business strategy. These statements often include words such as
“may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,”
“plan,” “estimate” or similar expressions. The forward-looking
statements contained in this press release are based on assumptions that
the Company has made in light of management’s experience in the industry
as well as its perceptions of historical trends, current conditions,
expected future developments and other factors that it believes are
appropriate under the circumstances. You should understand that these
statements are not guarantees of performance or results. They involve
known and unknown risks, uncertainties and assumptions. Although the
Company believes that these forward-looking statements are based on
reasonable assumptions, you should be aware that many factors could
affect its actual financial results or results of operations and could
cause actual results to differ materially from those in these
forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150813005147/en/
Source: Michael Kors