Michael Kors (NYSE:KORS), a global luxury lifestyle brand, is pleased to
announce that Stephane Lafay has been named to the newly created role of
President of Asia. He will report to John D. Idol, the company’s
Chairman and Chief Executive Officer.
Mr. Lafay’s appointment, effective July 28th, 2014, reflects
the brand’s powerful momentum in the region and its sustained focus on
growth. “This is a pivotal moment for the brand as we continue to invest
and work to build a strategic roadmap for the Asia region,” says Mr.
Idol. “Stephane has a long history of building luxury businesses in
Asia. His skills and experience will be a tremendous asset for us going
forward.”
Mr. Lafay was most recently at Tiffany & Co., where he held the position
of Senior Vice President, Asia Pacific and Japan. Lauded for his
leadership and in-depth knowledge of the region, he led the brand to
consistently strong results. Prior to his five-year tenure at Tiffany &
Co., Lafay was President of Bulgari Japan from 2004 to 2009. He served
as General Manager of Parfums Nina Ricci Japon for the Puig Group from
2001 to 2003.
“The Asian market is an important region for us to develop as we
continue to grow our global luxury brand,” says Mr. Idol. “We’re excited
to take advantage of the momentum our brand has recently generated. In
the past two years we’ve been able to double our store count to over 100
locations in the region. Stephane’s experience and leadership will help
enable us to capitalize on our momentum in the region.”
“I’m delighted to be joining Michael Kors at such an exciting moment in
the brand’s development,” says Mr. Lafay. “Having worked in Asia for 25
years, and spent nearly two decades building brands in the region, it’s
clear to me that there is enormous opportunity for Michael Kors there. I
look forward to being part of the team that turns this potential into
reality.”
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.
Forward-Looking Statements
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Copyright Business Wire 2014