Justin Boxford Said to Become Next CEO of Michael Kors Parent Capri

Résumé détaillé

A changing of the guard might be coming to Michael Kors parent Capri Holdings. Multiple sources were buzzing to WWD late Tuesday that Justin Boxford is preparing to step in as…

A changing of the guard might be coming to Michael Kors parent Capri Holdings.

Multiple sources were buzzing to WWD late Tuesday that Justin Boxford is preparing to step in as chief executive officer of the company, taking the reins from John Idol, who's run the business since 2003, turning it from a designer brand into a corporate power.

A spokesperson for Capri could not immediately be reached for comment.

Boxford spent more than 20 years rising up the ranks at Estée Lauder Co. and in September was named global president of its luxury beauty brands.

But in a surprise move, he stepped down last week to pursue a new opportunity.

When Boxford left Lauder, Jane Hertzmark Hudis, executive vice president and chief brand officer, lauded his global perspective.

"He has helped advance our digital and omnichannel capabilities, elevate luxury brand experiences, deepen consumer engagement and deliver local relevance around the world," she said.

Boxford was given oversight of the Estée Lauder brand when it was at a low and managed to turn the business around, extending its franchises, improving innovation and launching gourmand fragrance.

Likewise, Capri has been struggling with Michael Kors for years, but has lately been making progress in its efforts to elevate the brand and drive more full-price sales.

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