Capri Holdings promotes Philippa Newman to chief brand and product officer at Michael Kors

Capri Holdings Limited announced on Friday the promotion of Philippa Newman to the role of chief brand and product officer at Michael Kors, effective immediately.

In her expanded role, Newman will oversee all product and marketing functions, according to the U.S. luxury giant, which also owns the Versace and Jimmy Choo brands. She will continue reporting directly to John Idol, chairman and CEO of Capri Holdings and Michael Kors.

​“Michael Kors has incredible brand equity, and I am honored to step into this role at such a pivotal time,” said Newman. “I look forward to working alongside John, Michael, and our talented teams to effectively execute our product and brand strategies and drive long-term growth.”

Serving at Michael Kors for over 16 years, Newman most recently serving as the chief product officer, where she has proven crucial in driving product innovation and shaping our strategy for growth. As chief brand and product officer, the luxury executive will focus on delivering a unified brand experience aligned with the New York brand’s heritage, ensuring that Michael Kors continues to create fashion and core products with strong consumer appeal while driving engagement across all touchpoints, according to a press release.

“Ms. Newman is an exceptional leader with deep brand expertise and a strategic mindset,” said Idol. “By bringing product and marketing under one cohesive leadership structure, we are creating greater synergy across our business, enabling a clear and consistent brand vision, and strengthening our ability to connect with consumers globally.”

Earlier this month, Capri Holdings forecast revenue well below Wall Street estimates for its fiscal 2026, on the back slowing demand for luxury goods and unrelenting declines in the Americas and Asia.

Capri said it now expects fiscal 2026 net revenue to total $4.1 billion, compared with analysts’ estimates of $4.52 billion, according to data compiled by LSEG. It also forecast fiscal 2025 revenue of $4.4 billion, below analysts’ expectations of $4.51 billion.