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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. 


Investor Relations:
Jennifer Davis
+1 (201) 514-8234 

Dinesh Kandiah 
+1 (917) 934-2427

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Investor Relations Contact

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


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