Michael Kors and Jimmy Choo get a new CEO

Capri Holdings, the parent company of Michael Kors and Jimmy Choo, has poached Justin Boxford from cosmetics giant Estée Lauder. The new CEO is tasked with getting the luxury group back on the path to growth following persistent declines in revenue at Michael Kors.

Luxury experience

Justin Boxford will take over from John Idol on January 4, 2027; Idol is retiring after 23 years at the helm. Idol will remain on as a strategic advisor through the end of March. Robin Freestone, currently chief executive officer, will become independent chairman of the board of directors.