The handbag collection inside a Michael Kors store.

LONDON — Less than one week after announcing its plan to purchase Jimmy Choo for $1.2 billion, Michael Kors is fortifying its own management team.

Sabine Ruello is joining as vice president of footwear and accessories for wholesale in the EMEA — or Europe Middle East, Africa region — while Marc Svojanovsky has been named vice president of men’s wear for wholesale EMEA.

SEE ALSO: Michael Kors Still Seeking Acquisitions After $1.2B Jimmy Choo Deal >>

Both are to report to Cedric Wilmotte, president of EMEA. The appointments are effective Aug. 1.

“Sabine and Marc have been in the strategic wholesale business sector across a range of product categories for over 20 years and come to us with a wealth of expertise, ability and strong connections in this space,” said Wilmotte.

“They will help us build on our success as we continue to grow the Michael Kors business throughout EMEA.”

SEE ALSO: In Coach v. Kors, Both Firms Battle Handbag Struggles >>

Ruello was most recently at Burberry, where she served as wholesale director, and Svojanovsky was most recently senior director at VF Corp.

“I look forward to expanding the great partnerships that have been forged by the talented team in place and taking the accessories and shoes to the next level,” said Ruello.

Svojanovsky said the Michael Kors EMEA men’s wear business represents “a tremendous opportunity.”

SEE ALSO: Michael Kors’ $1.35B Jimmy Choo Deal Supercharges Takeover Race >>

John D. Idol, chairman and chief executive officer of Michael Kors Holdings, said the management team at Jimmy Choo has an “excellent plan to grow its business to $1 billion. Growth will come from luxury footwear, which is one of the fastest-growing categories in the luxury market. The luxury footwear market is up midsingle digit. The luxury watch market is down. This — footwear — is a great category to be in.”

The two companies’ boards said last week they reached an agreement for a recommended cash acquisition by which the entire issued and to be issued ordinary share capital of Jimmy Choo will be acquired by JAG Acquisitions, a wholly owned subsidiary of Michael Kors.

load comments
blog comments powered by Disqus