Capri Holdings has named a new CEO for Jimmy Choo. Hannah Colman, who has been interim CEO, takes over permanently at the helm of the luxury footwear label and will report to Capri’s CEO and chairman John D. Idol.
Jimmy Choo’s loss is Coty’s gain. Choo CEO Pierre Denis is leaving the luxury footwear and accessories brand after eight years at the helm. He’ll step down from the role in late May and will become CEO of Coty.
French firm Heuritech, a specialist in brand and product desirability analysis in fashion using AI tools, is setting its sights on international markets and the beauty sector after raising fresh funds worth €4 million.
Jimmy Choo has the potential to be a $1bn dollar brand and the success of its integration into the Michael Kors group has made its new owner hungry for more acquisitions and happy to accelerate its accessories expansion.
Michael Kors has reached a deal to buy its smaller luxury segment peer Jimmy Choo for almost £900 million, well above the £800 million that was expected. It plans fast expansion and a move into new fashion product areas.
Up-for-sale luxury footwear brand Jimmy Choo was cheerful Thursday saying it “continues to make excellent progress, trading strongly” this year. But while management trumpeted its prospects, there was no news on a sale.