Michael Kors Holdings Limited has named Andrea Pesaresi president of Michael Kors Men’s, effective Oct. 15.
He succeeds Don Witkowski, who passed away in June, and will report to John D. Idol, chairman and chief executive officer.
Pesaresi was most recently ceo of Philippe Model, but prior to that, he spent 25 years at Ermenegildo Zegna, where his most recent role was brand director of Z Zegna and Licensing, a post that encompassed product development, brand strategy, international expansion and marketing. Pesaresi joined Philippe Model, an Italian sneaker brand, at the end of 2016.
“Andrea has been in the industry for 30 years and comes to us with extensive knowledge of the evolving luxury men’s marketplace,” Idol said. “Andrea will provide the necessary leadership to enable us to achieve our goal of developing the Michael Kors men’s wear business to $1 billion in revenue.”
The company declined to say how large the men’s business is today, but in the first-quarter earnings call in early August, Idol said that while men’s is “still small to the total company, it continues to grow.” He cited strength in logo sportswear “for Father’s Day gifting, particularly the Greenwich polo and our knit logo baseball jacket,” along with “refined pieces such as washed leather jackets and lightweight sweaters in fine yarns.”
Pesaresi said he was eager to get started in his new position. “It is a very exciting time in the men’s industry, and the Michael Kors iconic brand DNA provides a great foundation for growth.”
For fall, the company is launching its first capsule collections under the MK Go moniker that includes the MK Graffiti collection celebrating New York’s street art, followed by MK Bold, a capsule focused on athleticwear inspired by street style for both men and women.
For the three months ended June 30, net income jumped 48.5 percent to $186.4 million, or $1.22 a diluted share, from $125.5 million, or 80 cents, in the year-ago quarter. On an adjusted basis, earnings per share were $1.32. Total revenues rose 26.3 percent to $1.20 billion.