**Michael Kors Owner Capri’s Finance Chief Moves to Macy’s**
Thomas Edwards, the finance head of Capri Holdings (owner of Michael Kors), is set to join Macy’s in June. His appointment comes as part of CEO Tony Spring’s strategy to streamline costs and refocus the retailer on luxury offerings.
Following the announcement, Macy’s shares saw a nearly 3 percent increase in early trading.
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