After 8 years at Jimmy Choo, Pierre Denis steps down from the role of CEO.
While there weren’t specific reasons mentioned for the step-down, Capri Holdings, the parent company of Jimmy Choo, stated that Pierre leaves the company in robust health while commending his leadership for driving consistent growth for the brand.
Capri Holdings acts as a parent company for the luxury brands Michael Kors, Jimmy Choo and Versace.
Notably, Versace was recently added to their roster and its original owner, Donatella Versace, remains the creative director for the brand.
The name Jimmy Choo is synonymous with luxury shoes including stilettos and heels. Founded in 1996 by Jimmy Choo, the London-based brand was sold to Capri Holdings in July 2017 and is currently present all over the globe, capping at US $ 165 million in global sales in the third quarter.
The company has forecasted lower earnings for the rest of the year due to the effects of Coronavirus on China, which is a major market for the company.
John Idol, Chairman of Capri Holdings, announced that the search for a new CEO is underway.