A multi-year initiative focused on modernizing the Michael Kors brand image, reducing promotional activity, eliminating daigou sales in outlet stores, and optimizing the retail footprint. This includes a planned $300 million investment to renovate 350 stores over three years, incorporating new 'Jet Set Lounges' to enhance the customer experience.

Expected impact: Aims to stabilize the brand, drive full-price comparable store sales, increase average unit retail (AUR), and eventually grow Michael Kors revenue to $4 billion with operating margins in the low twenties.

A strategic program to accelerate Jimmy Choo's growth by expanding its accessories mix to 40% of total sales, optimizing its global retail footprint to approximately 200 stores, and strengthening product innovation and brand storytelling.

Expected impact: Aims to build Jimmy Choo into an $800 million business with operating margins of 10-15%.

A multi-year, multi-project initiative intended to improve the operating effectiveness and efficiency of the organization by creating best-in-class shared platforms across brands and expanding digital capabilities. These initiatives cover supply chain, marketing, omni-channel customer experience, e-commerce, data analytics, and IT infrastructure.

Expected impact: Designed to streamline global operations, reduce structural costs, and support a seamless transition to digital supply chain and procurement platforms.