Capri slips after naming new CEO
Today 12:56
BUZZ-Capri slips after naming new CEO ** Shares of Capri Holdings CPRI.N fall 1.5% to $21.40 premarket
** The Michael Kors parent says veteran John Idol to retire as CEO after being at the helm since 2003
** Names Justin Boxford to succeed Idol, effective January 4
** Boxford has held various positions at Estee Lauder EL.N for 23 years
** Seven of 16 brokerages rate CPRI "buy" or higher and nine "hold"; median PT is $22 - LSEG
** As of last close, stock down 10.9% YTD
(Reporting by Anand Gopal in Bengaluru)