LONDON — Jimmy Choo has named Andy Holmes senior vice president, chief financial officer and operations, replacing Richard Kozlowski who will retire from the business at the end of March.
Holmes most recently served as chief operating and financial officer at Dunhill.
Jimmy Choo said he brings more than two decades of senior financial leadership across global luxury retail and consumer brands. The company added his career “has been marked by operational excellence and a proven track record in guiding heritage and luxury businesses through periods of transformation and growth.”
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At Dunhill, he spent nearly seven years in leadership roles, including chief executive officer ad interim. Before joining Dunhill in 2019, he held multiple senior finance roles at Marks & Spencer and at Burberry, where he spent more than seven years in leadership within finance, commercial strategy and beauty.
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“We are delighted to welcome Andy to the leadership team. His extensive financial expertise, commercial acumen and deep understanding of the luxury market will be invaluable as we continue to deliver on our growth strategy,” said Jimmy Choo CEO Hannah Colman.
Jimmy Choo said Holmes will work closely with the executive team, and with parent Capri Holdings to “play a key role in shaping the company’s strategic direction.”
Last month John Idol, chairman and CEO of Capri Holdings, said he was “excited about the growth” at Jimmy Choo in the fiscal third quarter.
“We continue to believe that [Jimmy Choo] will be an $800 million business for us over the next few years,” Idol said. “We think the accessories part of that business is a very big opportunity for us, and are [excited about] the response that we’re getting from not only the consumers, but from our wholesale partners around the globe.”
In the three months, Jimmy Choo revenues were up 5 percent to $167 million, or 1.9 percent at constant currency, compared to the prior year.
Idol said that within accessories, momentum was “encouraging” as the brand’s core groups delivered high-single-digit growth in the full-price channel. Idol cited the strength of Jimmy Choo’s Bon Bon line of handbags, which saw sales increase double-digits in third quarter.