Jonathan Akeroyd to leave Versace at the end of March 2022

LONDON, October 20, 2021– (COMMERCIAL THREAD) – Capri Holdings Limited (NYSE: CPRI), a global fashion and luxury group, today announced that Jonathan Akeroyd will step down as CEO of Versace to seize another opportunity that will see him return to the UK and to be closer to his family. Mr. Akeroyd will remain with Versace until March 31, 2022 and will work with John D. Idol, Chairman and CEO of Capri Holdings, to provide full support to the leadership team and ensure an orderly transition. Capri Holdings will immediately begin the search for a new CEO of Versace.

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Versace (Photo: Business Wire)

John D. Idol, Chairman and CEO of Capri Holdings, said, “I would like to thank Jonathan for his leadership and tremendous contribution to Versace. We wish him the best in his new role. He is leaving Versace at a time when there is strong momentum for the brand and we are executing our clearly defined strategic initiatives. Versace has an exceptional management team, led by Donatella Versace’s innovative design vision, and we remain confident in the luxury house’s long-term growth potential.

Jonathan Akeroyd, CEO of Versace, said: “I am honored to have led Versace and to have worked with the extremely talented management team to develop and strengthen the brand. I would like to thank all Versace employees, Donatella and John for their partnership. I am fully committed to ensuring a smooth transition and I have no doubts that Versace remains well positioned to continue its success. “

About Capri Holdings Limited

Capri Holdings Limited is a global fashion and luxury group, comprised of iconic brands that are industry leaders in design, style and craftsmanship. Its brands cover the full spectrum of luxury fashion categories, including women’s and men’s accessories, footwear and ready-to-wear as well as wearable technology, watches, jewelry, eyewear and a range. complete with perfume products. The Company’s goal is to continue to expand the global reach of its brands while ensuring that they retain their independence and exclusive DNA. Capri Holdings Limited is listed on the New York Stock Exchange under the symbol CPRI.

Forward-looking statements

This press release contains statements that are, or may be considered, “forward-looking statements”. Forward-looking statements are forward-looking in nature and are not based on historical facts, but rather on the current expectations and projections of the management of Capri Holdings Limited (the “Company”) regarding future events, and are therefore subject to risks. and uncertainties that could cause actual results to differ materially from future results expressed or implied by forward-looking statements. All statements other than statements of historical fact included in this press release may be forward-looking statements. Without limitation, all statements preceded or followed by or which include the words “plans”, “believe”, “expects”, “intention”, “will”, “should”, “could”, “would have” “,” Could “,” anticipate “,” could “or similar words or expressions are forward-looking statements. These forward-looking statements are not guarantees of future financial performance. These forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions, which could cause actual results to differ materially from those projected or implied in forward-looking statements. These risks, uncertainties and other factors are set out in the reports the Company files from time to time with the United States Securities and Exchange Commission, including the Company’s annual report on Form 10-K for the year ended. on March 27, 2021 (file n ° 001-35368). Any forward-looking statement contained in this press release speaks only as of the date of publication and the Company disclaims any obligation to update or revise any forward-looking or other statement contained in this document other than in accordance with legal obligations and regulatory.

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