Capri Names Justin Boxford CEO

Capri Holdings has appointed longtime Estee Lauder executive Justin Boxford as its new chief executive officer. He will succeed John Idol in January 2027 as the fashion group works to revive demand for its luxury accessories.

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FILE PHOTO: The logo of Michael Kors is seen on an outlet store in Metzingen, Germany, June 16, 2017.  REUTERS/Michaela Rehle/File Photo

CAPRI HOLDINGS LTD named ESTEE LAUDER COMPANIES-CL A veteran Justin Boxford CEO on Wednesday, replacing longtime chief John Idol as sales slow. Boxford will assume the role on January 4, 2027, following a two-decade tenure overseeing luxury beauty brands. The luxury group has faced uneven demand across the United States as shoppers grow more selective with discretionary purchases.