{alt missing} Wikimedia Commons

John D Idol

Chairman & Chief Executive, Michael Kors

What is the BoF 500?

The BoF 500 is the definitive professional index of the people shaping the $2.4 trillion fashion industry, hand-selected by the editors of The Business of Fashion, based on hundreds of nominations received from current BoF 500 members, extensive data analysis and research.

Biography

American fashion executive John D. Idol has been chief executive officer of luxury fashion brand Michael Kors since 2003, and chairman since 2011, and played an instrumental role in the company’s turnaround.

Idol acquired the Michael Kors business for $100 million in 2003, when revenue totalled $20 million, along with Hong Kong-based private equity firm Sportswear Holdings.

During his tenure sales and profitability ballooned. According to the 2017 annual report, retail net sales continue to increase, but profitability is down. "Looking ahead, as we expand the fashion innovation in our accessories assortments, right-size our store fleet and elevate our store experience, fiscal 2018 will be a transition year in which we establish a new baseline before returning to long-term growth," said Idol.

Idol, who is a former chief executive of Donna Karan, helped reposition the brand as a classic, American “jet-set” lifestyle company, and Kors’ sportswear-influenced designs began to attract international attention.

In late 2012, the company went public after five consecutive years of same-store sales growth and strong profitability every quarter. The IPO also saw Idol take on the chairman role. He still retains 1 percent of the company’s shares and has sold shares for upwards of $400 million since the public offering.

Earlier in his career, Idol also held senior positions at Ralph Lauren.

 

Share This Profile

Vital Statistics

Nationality

United States

Location
United States

Similar Profiles

Vera Wang

Designer, Vera Wang

Thom Browne

Founder & Chief Creative Officer, Thom Browne

Christine Beauchamp

President, Amazon Fashion

Michael Kors

Designer, Michael Kors