Michael Kors Names Marcel Ostwald Senior Vice President, Men’s Design
Michael Kors Holdings Limited (NYSE:KORS) (the “Company”), a global luxury lifestyle brand, today announced that Marcel Ostwald has been named to the newly created role of Senior Vice President, Menswear.
Mr. Ostwald’s appointment, effective August 1, 2015, fills a key role in the global brand’s growing menswear business. Mr. Ostwald will work closely with Michael Kors and Mark Brashear, President of Menswear, in developing the creative brand strategy and product vision for the men’s division.
“We are very pleased that Marcel Ostwald is bringing his talent, experience and innovative spirit to Michael Kors,” says John D. Idol, Chairman and CEO of the company. “We’ve stated our intention to build a substantial, global men’s business at Michael Kors, and exceptional design is critical to achieving that goal. We look forward to Marcel’s leadership in creating both exceptional product and a strong men’s fashion identity that captures the essence of the Michael Kors brand DNA.”
Mr. Ostwald spent the last 11 years at Hugo Boss, where his most recent title was Senior Head of Creative Management and Concept Design for BOSS Sportswear. His time at Hugo Boss included a wide range of roles in creative management, including for tailored clothing, shoes, leather and accessories, as well as sportswear. Prior to working at Hugo Boss he was a menswear designer for JOOP!
“I look forward to working with Marcel,” says Michael Kors. “His talent, experience and understanding of brand-building make him the perfect addition to help our continued expansion of the Michael Kors men’s business.”
“I am excited to be joining Michael Kors at this special moment in the development of its menswear business,” says Mr. Ostwald. “It’s a tremendous brand with a unique sensibility. I look forward to working with Michael Kors, Mark Brashear and the deep pool of talent at the company to take the men’s business to the next level.”
About Michael Kors
Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready-to-wear. His namesake company, established in 1981, currently produces a range of products through his Michael Kors and MICHAEL Michael Kors labels, including accessories, footwear, watches, jewelry, men’s and women’s ready-to-wear and a full line of fragrance products. Michael Kors stores are operated, either directly or through licensing partners, in some of the most prestigious cities in the world, including New York, Beverly Hills, Chicago, London, Milan, Paris, Munich, Istanbul, Dubai, Seoul, Tokyo and Hong Kong.
This press release contains forward-looking statements. You should not place undue reliance on such statements because they are subject to numerous uncertainties and factors relating to the operations and business environment of the Company, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements include information concerning the Company’s possible or assumed future results of operations, including descriptions of its business strategy. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. The forward-looking statements contained in this press release are based on assumptions that the Company has made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual financial results or results of operations and could cause actual results to differ materially from those in these forward-looking statements. These factors are more fully discussed in the “Risk Factors” section and elsewhere in the Company’s Annual Report on Form 10-K for the fiscal year ended March 29, 2014 (File No. 001-35368), filed on May 28, 2014 with the U.S. Securities and Exchange Commission.
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