Pierre Denis Steps Down as CEO of Jimmy Choo After 8 Years

LONDON — Pierre Denis, the chief executive officer of Jimmy Choo who shepherded the company through a whirlwind of growth and change, is stepping down in May after eight years. Denis joined Jimmy Choo in 2012 from John Galliano SA, and succeeded Joshua Schulman in the role. He was hired by Choo’s then-parent Labelux, now JAB Holding. During his tenure he helped to take the company public on the London Stock Exchange in 2014, with JAB maintaining a majority stake in the brand. In 2017, Capri Holdings Ltd., then known as Michael Kors Holdings Ltd., purchased Jimmy Choo for $1.35 billion. The deal was a jaw-dropping 17.5-times Choo’s adjusted earnings before interest, taxes, depreciation and amortization, and well ahead of the 10.4-times to 15-times multiples seen in recent years, according to EY’s Luxury and Cosmetics Financial Factbook. “Pierre has been an outstanding leader of Jimmy Choo, delivering consistent strong performance and driving the growth of the brand,” said John Idol, chairman and ceo of Capri Holdings. “He leaves a company that is in robust health. I would like to express my thanks and good wishes to Pierre as he moves on to his next role. Jimmy Choo has an excellent team in place, and I

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