Menu IR Search

Versace Appoints Cedric Wilmotte as Interim Chief Executive Officer

November 17, 2021

LONDON – November 17, 2021 — Capri Holdings Limited (NYSE:CPRI), a global fashion  luxury group, today announced the appointment of Cedric Wilmotte as Interim Chief Executive  Officer of Versace, effective January 17, 2022. Mr. Wilmotte will report to John D. Idol,  Chairman and Chief Executive Officer of Capri Holdings. 

Mr. Wilmotte will serve as the Interim Chief Executive Officer of Versace through December  31, 2022, during which time he will partner closely with Donatella Versace, Chief Creative  Officer, and the leadership team to continue executing the brand’s clearly-defined strategic  initiatives.  

Mr. Wilmotte brings with him many years of luxury retail experience, including a 13-year tenure  with Michael Kors as the President of the EMEA region. Prior to joining Michael Kors in 2008,  Mr. Wilmotte held leadership positions with Marc Jacobs in Paris from 2004 to 2008 and  Donna Karan in New York, London and Milan from 1998 to 2004. 

John D. Idol, Chairman and Chief Executive Officer of Capri Holdings, said “I am thrilled to  have Cedric in this role as he has an exceptional breadth of luxury retail expertise. Cedric did an outstanding job leading the Michael Kors brand in EMEA. I am confident that under his  leadership, Versace will be able to continue to execute on its growth strategy and build upon  the brand’s incredible momentum.” 

Capri Holdings will continue to conduct a search for a permanent replacement for Jonathan  Akeroyd, departing Chief Executive Officer of Versace, who will leave the brand on March 31,  2022. 

About Capri Holdings Limited 

Capri Holdings Limited is a global fashion luxury group, consisting of iconic brands that are  industry leaders in design, style and craftsmanship. Its brands cover the full spectrum of  fashion luxury categories including women’s and men’s accessories, footwear and ready to-wear as well as wearable technology, watches, jewelry, eyewear and a full line of  fragrance products. The Company’s goal is to continue to extend the global reach of its  brands while ensuring that they maintain their independence and exclusive DNA. Capri  Holdings Limited is publicly listed on the New York Stock Exchange under the ticker CPRI.

Forward Looking Statements 

This press release contains statements which are, or may be deemed to be, “forward looking statements.” Forward-looking statements are prospective in nature and are not  based on historical facts, but rather on current expectations and projections of the  management of Capri Holdings Limited (the “Company”) about future events, and are  therefore subject to risks and uncertainties which could cause actual results to differ  materially from the future results expressed or implied by the forward-looking statements. All statements other than statements of historical facts included in this press release may  be forward-looking statements. Without limitation, any statements preceded or followed by  or that include the words “plans”, “believes”, “expects”, “intends”, “will”, “should”, “could”,  “would”, “may”, “anticipates”, “might” or similar words or phrases, are forward-looking  statements. These forward-looking statements are not guarantees of future financial  performance. Such forward-looking statements involve known and unknown risks and  uncertainties that could significantly affect expected results and are based on certain key  assumptions, which could cause actual results to differ materially from those projected or  implied in any forward-looking statements. These risks, uncertainties and other factors are  set forth in the reports that the Company files from time to time with the U.S. Securities and  Exchange Commission, including the Company’s Annual Report on Form 10-K for the fiscal  year ended March 27, 2021 (File No. 001-35368). Any forward-looking statement in this  press release speaks only as of the date made and the Company disclaims any obligation  to update or revise any forward-looking or other statements contained herein other than in  accordance with legal and regulatory obligations. 

CONTACTS:

Investor Relations:
Jennifer Davis
+1 (201) 514-8234
Jennifer.Davis@CapriHoldings.com 

Media: 
Dinesh Kandiah 
+1 (917) 934-2427 
Press@CapriHoldings.com

Sign Up for Investor Emails

Email Address *
Mailing Lists *





 
Enter the code shown above.

Thumb Download

Investor Relations Contact

Jennifer Davis, VP of Investor Relations
+1 201 514 8234 | Email

 

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Neither Capri Holdings Limited nor its affiliates, subsidiaries, officers, directors or agents (collectively, "Capri" or the "Company") have any control over (a) the External Site or any linked websites accessible through any External Site, or (b) any data or other content contained, or accessible, therein or in or through any such linked websites. The link to the External Site is provided for convenience purposes only. The information and other content on the External Site is not meant to modify, qualify, supplement or amend information disclosed by or on behalf of the Company under corporate, securities or other legislation in any jurisdiction, and should not be used to make investment decisions involving the Company's securities.

By clicking "Accept" below you acknowledge and agree that neither Capri nor the third party provider of the External Site, Virtua Research, Inc. ("Virtua"), is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data contained in or accessible on or through, or the technical operation of the External Site. Capri and Virtua are not liable to you for, and take no responsibility for, third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably forever waive, and release Capri from, any and all rights and claims against Capri and Virtua and further acknowledge and agree that in no event shall Capri or Virtua, its officers, employees, directors and agents be liable for any (i) direct or indirect, consequential, incidental, special, compensatory, punitive or other damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site or any linked websites.

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if Capri and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is determined to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent necessary to comply with such determination and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is given as at the date and the time of its original release. Changes in such historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to reporting financial results in accordance with generally accepted accounting principles (GAAP), the Company provides non-GAAP financial measures. These amounts are not in accordance with, or an alternative to, GAAP. The Company uses non-GAAP financial measures to, among other things, evaluate its operating performance and in order to represent the manner in which the Company conducts and views its business. Please see the Company’s SEC filings for more information concerning the Company’s use of non-GAAP financial measures. 

script