Michael Kors elevates Jane Newman to the role of Chief Brand and Product Officer, overseeing all product and marketing functions. Newman will focus on delivering a unified brand experience and driving long-term growth. This move follows recent financial challenges for the company, with net losses and declining sales reported in the third quarter.
In this expanded role, Newman will oversee all product and marketing functions, and will continue to report to John D. Idol, chairman and chief executive officer offor over 16 years, most recently as chief product officer.
She was promoted to that post in November, having been president of accessories and footwear for over eight years, and earlier senior vice president of sales and merchandising or wholesale.Newman stepped into the chief product officer role following the departure of Cedric Wilmotte, who had been CEO of Michael Kors, and Idol stepping back into the Kors CEO role.As chief brand and product officer, Newman will focus on delivering a compelling, unified brand experience aligned with the company’s heritage. “Ms. Newman is an exceptional leader with keep brand expertise and a strategic mindset,” said Idol. “By bringing product and marketing under one cohesive leadership structure, we are creating greater synergy across or business, enabling a clear and consistent brand vision, and strengthening our ability to connect with consumers globally.” Newman added, “Michael Kors has incredible brand equity, and I am honored to step into this role at such a pivotal time. I look forward to working alongside John, Michael and our talented teams to effectively execute our product and brand strategies and rive long-term growth.”As reported, net losses for the third quarter ended Dec. 28 were $547 million, or $4.61 a diluted share, a steep drop from earnings of $105 million, or 88 cents, a year earlier. On an adjusted basis, income fell to $54 million from $142 million a year earlier.’ sales were down 12.1 percent to $909 million, while Versace’s sales declined by 15 percent to $193 million and Jimmy Choo slipped 4.2 percent to $159 million. Sheer Dressing Takes Over Grammys 2025: Madison Beer's Lacy Details, Bianca Censori's Dramatic Opacity and More Red Carpet LooksTom Brady's Rare $740,000 Jacob & Co Watch Steals Spotlight on Fox…. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the GoogleWWD and Women's Wear Daily are part of Penske Media Corporation. © 2025 Fairchild Publishing, LLC. All Rights Reserved.
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