Michael Kors Holdings Limited Announces Senior Management Promotions

Philippa Newman promoted to President, Accessories and Footwear

Michele Chan promoted to President, Women’s Ready-to-Wear

LONDON–(BUSINESS WIRE)–Michael Kors Holdings Limited (NYSE:KORS) (the “Company”), a global
luxury lifestyle brand, today announced two internal promotions.
Philippa Newman will be promoted to President, Accessories and Footwear,
reporting to Anna Bakst, Group President, Accessories and Footwear. In
addition, Michele Chan will be promoted to President, Women’s
Ready-to-Wear, reporting to Gia Castrogiovanni, Group President, Women’s
Ready-to-Wear.

Ms. Newman joined the Company in 2003 and currently serves as Senior
Vice President, European Sales and Merchandising for Accessories,
Footwear, Women’s Ready-to-Wear and Menswear. She was previously
Director of Sales for Women’s Collection in the United States. Prior to
joining Michael Kors, Ms. Newman held various sales and merchandising
positions at Calvin Klein, Donna Karan, Alexander McQueen and Tory Burch.

Ms. Chan joined the Company in 2007 and currently serves as Senior Vice
President, Retail Merchandising. She was previously Vice President,
Retail Merchandising for the Company. Prior to joining Michael Kors, she
spent more than a decade in various merchandising positions at Lord &
Taylor and Ann Taylor.

John D. Idol, the Company’s Chairman and Chief Executive Officer, said,
“We are very pleased to announce the promotions of Philippa and Michele,
both of whom have already made strong contributions to the Company
during their tenures. Philippa has contributed significantly to the
growth of our European business over the past seven years, as she worked
to solidify partnerships with department stores and specialty stores
across the region. Michele has been instrumental in growing our Retail
business, as she built the infrastructure in our retail stores both
domestically and internationally. The promotions of Philippa and Michele
are the result of our succession planning process as well as our
training and development initiatives designed to foster a team of
best-in-class leaders.”

Mr. Idol continued, “Anna and Gia will remain with the Company in their
current positions to facilitate a smooth transition of roles and
responsibilities to their successors over the next year. Their exemplary
leadership and expertise will continue to be instrumental in developing
our talent and driving sustainable growth for our organization.”

About Michael Kors

Michael Kors is a world-renowned, award-winning designer of luxury
accessories and ready-to-wear. His namesake company, established in
1981, currently produces a range of products under Michael Kors
Collection, MICHAEL Michael Kors and Michael Kors Mens, including
accessories, footwear, watches, jewelry, ready-to-wear and a full line
of fragrance products. Michael Kors stores are operated, either directly
or through licensing partners, in some of the most prestigious cities in
the world, including New York, Beverly Hills, Chicago, London, Milan,
Paris, Munich, Istanbul, Dubai, Seoul, Tokyo and Hong Kong.

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 April 2, 2016 (File No. 001-35368), filed on June 1, 2016
with the U.S. Securities and Exchange Commission.

Contacts

Michael Kors Holdings Limited
Investor Relations:
Krystyna
Lack – VP, Treasurer, 201-691-6133
InvestorRelations@MichaelKors.com
or
ICR,
Inc.
Jean Fontana, 646-277-1214
jean.fontana@icrinc.com
Media:
Alecia
Pulman, 646-277-1231
KorsPR@icrinc.com