Market Overview

Michael Kors Names Andrea Pesaresi President of Men's

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Michael Kors Holdings Limited (NYSE:KORS), a global fashion luxury
group, is pleased to announce that Andrea Pesaresi has been named
President of Michael Kors Men's. He will report to John D. Idol, the
company's Chairman and Chief Executive Officer. Mr. Pesaresi's
appointment will be effective October 15, 2018.

Mr. Pesaresi was most recently at Philippe Model, where he served as
Chief Executive Officer. Prior to that, Mr. Pesaresi was at Ermenegildo
Zegna for 25 years, where his most recent role was brand director of Z
Zegna and Licensing which encompassed product development, brand
strategy, international expansion and marketing.

"Andrea has been in the industry for 30 years and comes to us with
extensive knowledge of the evolving luxury men's marketplace," said Mr.
Idol. "Andrea will provide the necessary leadership to enable us to
achieve our goal of developing the Michael Kors menswear business to $1
billion in revenue."

"I look forward to joining the Michael Kors team," says Mr. Pesaresi.
"It is a very exciting time in the men's industry, and the Michael Kors
iconic brand DNA provides a great foundation for growth."

About Michael Kors Holdings Limited

Michael Kors Holdings Limited is a global fashion luxury group,
consisting of iconic brands that are industry leaders in design, style
and craftsmanship. Its brands cover the full spectrum of fashion luxury
categories including women's and men's accessories, footwear and apparel
as well as wearable technology, watches, jewelry, eyewear and a full
line of fragrance products. The Company's goal is to continue to extend
the global reach of its brands while ensuring that they maintain their
independence and exclusive DNA. Michael Kors Holdings Limited is
publicly listed on the New York Stock Exchange under the ticker KORS.

Forward Looking Statements

This press release contains forward-looking statements. You should
not place undue reliance on such statements because they are subject to
numerous uncertainties and factors relating to the Company's operations
and business environment, all of which are difficult to predict and many
of which are beyond the Company's control. Forward-looking statements
include information concerning the Company's possible or assumed future
results of operations, including descriptions of its business strategy.
These statements often include words such as "may," "will," "should,"
"believe," "expect," "seek," "anticipate," "intend," "plan," "estimate"
or similar expressions. The forward-looking statements contained in this
press release are based on assumptions that the Company has made in
light of management's experience in the industry as well as its
perceptions of historical trends, current conditions, expected future
developments and other factors that it believes are appropriate under
the circumstances. You should understand that these statements are not
guarantees of performance or results. They involve known and unknown
risks, uncertainties and assumptions. Although the Company believes that
these forward-looking statements are based on reasonable assumptions,
you should be aware that many factors could affect its actual financial
results or results of operations and could cause actual results to
differ materially from those in these forward-looking statements. These
factors are more fully discussed in the "Risk Factors" section and
elsewhere in the Company's Annual Report on Form 10-K for the fiscal
year ended March 31, 2018 (File No. 001-35368) and other reports filed
with the U.S. Securities and Exchange Commission.

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