CEO of the Michael Kors brand, Joshua Schulman, will step down from his role. He took this role just a few months ago, and is already stepping down. The parent company of Michael Kors is Capri, and it owns other brands such as Jimmy Choo and Versace. Schulman was set to become the CEO of Capri later this year, but now that will not happen. The stock market did not like this news, as shares of the Capri fell 15% today. CEO of Capri, John Idol, will now stay at his position. Schulman was the CEO of Coach, before becoming the CEO of Michael Kors.
